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Finance Committee approves amendment reallocating funds for equipment, insurance adjustments and playground upgrades
Summary
The City of Charleston Finance Committee unanimously approved Resolution 25-43, a FY24–25 general fund amendment that reallocates roughly $67,000 for a backhoe replacement, aligns insurance-claims budgets after several claims, and directs $25,000 received from a Lipitor (Pfizer) settlement to playground improvements including Oakmont Park.
The City of Charleston Finance Committee on May 19 unanimously approved Resolution 25-43, an amendment to the FY2024–25 general fund budget that reallocates funds to cover equipment replacement and adjust insurance-claims accounts.
Mr. Wood, presenting the amendment, said the change covers three separate items. He told the committee the city will shift funds to pay for a backhoe damaged in a…
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