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Belvidere council holds first reading of FY2027 budget; staff say revenue $25.83M, ending cash $23.64M
Summary
At first reading, city staff presented a FY2027 budget showing $25,830,395 in revenue and an ending cash balance of $23,638,514, with reserves near one year; council made no substantive changes and the ordinance will return for a subsequent reading.
The Belvidere City Council conducted the first reading of the fiscal year 2027 budget ordinance on March 16, with city staff reporting an illustrated change in presentation that lowered reported revenue to $25,830,395 and an ending cash balance of $23,638,514.
Sarah, a finance staff member, told the council the change "was after discussion with our auditors" and that she had removed the dollar figures from operating transfers in…
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