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Council approves modest Q1 budget amendments and accepts Q1 financial report
Summary
Council approved motion M10924 to amend the 2024–25 budget to reflect a $10,000 SEMCOB planning grant, $15,000 in marijuana license renewals reclassified as revenue, consultant payments and $7,000 for cash-counting equipment — presented as offset by revenues — and accepted the quarter ended Sept. 30, 2024 (M11024).
The Berkeley City Council approved a set of first-quarter budget amendments and accepted the city’s Q1 financial report at its Dec. 16 meeting.
Finance staff described M10924 as a limited set of adjustments arising since budget adoption. The changes include a $10,000 SEMCOB planning grant (revenue and matching expense), reclassifying $15,000 of marijuana license renewals as recurring revenue (three $5,000 renewals), and recognizing…
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