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