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Resident urges committee to address accounting error; says reserves remain intact
Summary
At the March 17 meeting a resident, Mr. Gavitti, asked the committee to cover an accounting error at the midyear budget review and said the city still holds an estimated $14–$15 million in combined reserves.
At the start of the March 17 Clayton City Budget & Audit Committee meeting, resident Mr. Gavitti used his public‑comment time to raise an accounting error discovered by the assistant city manager and urged the committee to address it in the midyear budget review.
Mr. Gavitti said the error — which he described as sizable and of uncertain vintage — projected forward and briefly created concern about a large deficit if taken at face value. He emphasized that the mistake was not intentional and that the committee should ensure the public understands the correct financial position.
He also told the committee the city is not "going broke," and said Clayton was sitting on roughly $14–$15 million in combined reserves. The committee noted the midyear budget review scheduled the following day would cover budget details and follow up on the commenter’s concerns.
