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Council adopts modest midyear budget adjustments; HVAC and CIP changes included
Summary
The council unanimously approved midyear adjustments to the FY 2025–26 budget, accepting a $115,600 net revenue increase to the general fund (revising it to about $69.5 million) and a $60,000 expenditure increase for HVAC upgrades to the city hall server room; three CIP projects were advanced.
The Lake Forest City Council on March 3 accepted midyear budget updates for fiscal year 2025–26 and adopted staff recommendations for several technical adjustments and capital projects.
Assistant Director of Finance Amy Lewis told the council that recommended revenue adjustments — driven by investment earnings, slightly higher…
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