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Newton City Council adopts $515,000 budget amendment for electric sales
Summary
The Newton City Council unanimously adopted a budget ordinance amendment on June 29, 2022, to recognize $515,000 in additional commercial electric sales and to increase appropriations in the electric department’s purchases-for-resale account, City Manager Jonathan Franklin said.
The Newton City Council unanimously adopted a budget ordinance amendment on June 29, 2022, to recognize an additional $515,000 in commercial electric sales and to authorize increased appropriations in the electric department’s purchases-for-resale account, City Manager Jonathan Franklin said.
Jonathan Franklin, the city manager, told the council that a year-end budget amendment was needed "to recognize revenues and…
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