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Council reviews $1.2 million midyear budget adjustments; public hearing to follow
Summary
City staff presented roughly $1.2 million in midyear adjustments including $900,000 for asphalt improvements, $200,000 in miscellaneous revenue (vehicle sales), and other line-item updates; council scheduled a public hearing at its next meeting.
City finance staff presented a midyear budget adjustment package totaling about $1.2 million during the Jan. 6 meeting.
Key adjustments include an additional $35,000 in licenses and permits revenue, $20,000 in charges for services tied to development, $200,000 in miscellaneous revenue from vehicle sales, and approximately $900,000 allocated to asphalt improvements (slurry seals, overlays). Finance staff said some expenses included a $135,000 lease prepayment tied to vehicle replacements and market adjustments for police personnel. The majority of the package will be funded from fund balance; staff said the adjustments will keep the fund balance within state-prescribed limits.
Staff circulated summary and detailed budget documents to council members prior to the meeting and said they expect to bring the adjustments forward for public hearing at the next council meeting before final adoption. Council members asked about deadlines and were told there is no hard statutory deadline for these midyear changes, giving the council time to review the 300-page detailed budget document and schedule public input.
Council did not take final action on the adjustments at this meeting; a public hearing will be noticed and a later adoption vote is expected.
