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Mount Shasta finance director reports near-balanced budget after allocation adjustments, urges utility rate studies
Summary
Finance Director Melissa presented the quarterly budget update showing reallocated enterprise-fund expenses and one-time revenues that moved the projected deficit toward balance; she recommended sewer and water rate studies and noted insurance and software cost pressures.
Mount Shasta’s finance director reported a quarterly budget update that moves a previously projected deficit toward a near-balanced position after reallocating certain expenses to enterprise funds and accounting for one-time recoveries.
Melissa (Finance Director) presented the report and explained methodological changes to allocations between general and enterprise funds, adjustments to how PERS unfunded liability is allocated, and a revaluation of insurance allocations tied to asset listings.…
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