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Opelika CRA amends FY2025–26 budget after carryover reconciliation; board cuts $909,265 in line items
Summary
After a city review and a finance director recalculation, the CRA moved to amend its FY2025–26 budget on Feb. 10, adopting a corrected carryover of $652,750 and eliminating $909,265 in line items to balance the budget; the board voted unanimously to adopt the amended budget.
The Opelika Community Redevelopment Agency on Feb. 10 voted unanimously to amend and adopt its FY2025–26 general operating and tax increment fund budget after staff reconciled a discrepancy in the reported carryover.
Interim Executive Director told the board that when the budget was submitted to city staff for review, the city budget office flagged a possible discrepancy in the carryover amount. The CRA’s finance director, Naima Gantt, reviewed the numbers and reported a corrected carryover of $652,750. The director said earlier, less-precise estimates had ranged more widely during initial calculations.
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