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Finance Committee adopts year‑end appropriation; $1M seeded for shelter endowment, Metro subsidy increased
Summary
Committee adopted a dense year-end appropriation resolution (Legistar 90,967) that projects roughly $9 million in general-fund revenue above the revised budget, a projected $10.6M year-end surplus, moves underspending to cover deficits, increases Metro Transit subsidy, and seeds a $1M shelter endowment as the first half of a $2M commitment.
The Finance Committee unanimously adopted Legistar 90,967 on Dec. 1, a year-end appropriation resolution that adjusts the city’s 2025 accounting and moves underspending and centrally budgeted funds to cover agency deficits and priorities.
Finance staff presented a year-end projection that shows general fund revenues are projecting about $9,000,000 above the revised budget and a combined surplus and underspending that results in an approximate $10,600,000 year-end surplus. Agencies are projected to be about $2,800,000 under budget overall, with larger underspending concentrated in Information Technology (about $1,300,000) and the Community Development Division (about $700,000). Staff cautioned that the…
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