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Belvidere holds first reading of FY2027 budget; staff says revenue and ending cash numbers changed after auditor discussion
Belvidere City Council · March 17, 2026
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Summary
At first reading of the FY2027 budget, staff reported an adjustment to Exhibit A that lowered revenue to $25,830,395 and reduced ending cash to $23,638,514, leaving reserves of about one year; council will revisit the ordinance for a second reading in two weeks.
Belvidere City Council received the first reading of Ordinance 753H, the city’s fiscal-year 2027 budget, on March 16. Staff member Sarah told council she removed amounts from an "operating in transfer" line on Exhibit A after discussion with auditors, which altered reported totals.
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