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City staff presents midyear budget amendment; council adopts $3M use of fund balance
Summary
City finance staff presented a midyear budget amendment showing higher-than-anticipated beginning reserves and a roughly $3 million planned use of fund balance to cover one-time purchases; the council adopted the amendment.
City finance staff presented a midyear budget amendment on Dec. 16 and the Taylor City Council voted to adopt the amendment after a staff overview and brief discussion.
Jason, the staff presenter, described the amendment as a midyear update that accounts for audit-updated fund balances, carryovers and grant activity. "What I like to call our midyear budget amendment," Jason said, noting…
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