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Richmond council adopts FY24–25 Q4 report, directs $4.6M in one‑time CIP spending with $50,000 reallocated to small‑business facades
Summary
The council received the unaudited FY24–25 quarter‑four financial report, adopted year‑end budget adjustments and appropriations to deploy roughly $4.6 million of unspent funds to capital projects (including a $3.0M streetlight program), and reallocated $50,000 from lighting to a small‑business facade assistance line; motions passed unanimously with the mayor absent.
The Richmond City Council on Dec. 16 received the preliminary, unaudited fiscal year 2024–25 quarter‑four financial report and approved resolutions to appropriate administrative year‑end adjustments and to allocate unspent funds to capital projects.
Director Emily Combs, the city’s finance director, told council the figures are preliminary pending the year‑end audit but that staff estimated an unspent funds balance of about $7.6 million and recommended using $4.6 million to fill ready‑to‑bid capital project shortfalls. "It is very important that the city council accept this item and take action in order for the city to complete its fiscal…
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