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Graham approves budget rollover ordinance and accepts quarterly financial reports amid sales-tax slump

Graham City Council · October 24, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Council adopted Ordinance 1184 to roll forward unspent prior-year appropriations and approved quarterly investment and financial reports; staff warned August sales-tax collections were down about 1.5% year over year and flagged a potential need to trim roughly $150,000 from the general-fund if the trend continues.

The Graham City Council approved Ordinance No. 1184, a budget rollover ordinance that moves unspent appropriations from prior fiscal years into the FY24–25 adopted budget and corrects administrative errors. The ordinance moves about $407,290 in the general fund (with $353,000 primarily for the paving program), rolls forward park and water project funds (including a $60,000 carryover for Fireman's Park camera), and…

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