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Homewood acting city manager presents budget amendments to correct nine fund deficits
Summary
Acting city manager presented amendments to fix accounting errors and deficits across nine of the city’s 24 funds, move one court-funded salary into the police general fund, and use carryover balances to support capital projects; council set a midyear review for spring.
Acting city manager Mr. Smith told the Homewood City Council on Dec. 22 that a set of budget amendments would correct accounting errors and bring nine of the city’s 24 funds into balance.
"We're not we're not moving money around. We're just this is all budgeting. We're correcting the budget," Mr. Smith said as he outlined the changes, which staff described as housekeeping to match the city’s financial software to approvals made earlier this year.
Mr. Smith said the corrections include removing phantom revenues and expenses that rolled forward in the grants fund because numbers were not entered into the finance system, using…
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