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Tenino council approves first reading of budget amendment after auditors find additional adjustments
Summary
City leaders read Ordinance No. 9-31 to correct starting balances for multiple funds, acknowledged the revision shows a projected deficit and approved the ordinancefirst reading; council discussed short-term borrowing from sewer and water funds and plans to seek interim financial help.
Tenino council members conducted a first reading of Ordinance No. 9-31 on Sept. 24, 2024, to amend the city's 2024 budget after auditors reported additional adjustments and outstanding issues. The ordinance, read in full by an unnamed council speaker, lists corrected starting balances across the general fund, pool fund, street fund, special revenue, contingency and capital-improvement funds and authorizes specified interfund transfers and balance adjustments.
The reading said the general fund starting balance should be adjusted to a negative beginning balance (reported in the ordinance text as approximately -$393,393) and listed other starting-balance corrections, including the Corey Pool Fund at -$6,185.07 and various water and sewer fund balances. The ordinance…
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