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Lindsay council schedules budget study session after treasurer warns general fund nearly depleted; several measures approved
Summary
City officials heard a stark finance update showing general-fund reserves have been largely used and voted 5–0 to schedule a budget study session; the council also approved a police recruit classification, adopted updated engineering design standards and renewed a regional hazardous-materials MOU.
The Lindsay City Council voted on March 11 to hold a dedicated study session to review the city’s budget after staff delivered an updated cash-flow report showing general-fund reserves have been substantially depleted.
City Treasurer (unnamed) told the council that numbers in the packet (as of Feb. 28) no longer reflect recent withdrawals and that available cash has fallen from the $4.8 million shown to about $3.7 million in on-hand funds; the treasurer said certain investments listed at $3.2 million are now available only at about…
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