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Council adopts midyear budget amendments and closes successor-agency accounting gap
Summary
The council approved midyear adjustments that include a $1,142,000 recommended general fund change and actions to resolve a remaining successor-agency deficit; staff described a remaining shortfall and proposed a general-fund transfer to close the successor-agency account.
The El Cerrito City Council voted to adopt midyear budget amendments that include $1,142,000 in general fund adjustments and $1,590,000 of recommended changes across all funds. The presentation also addressed the final accounting for the dissolved successor agency and a remaining deficit staff recommended closing with a transfer from the general fund.
City staff summary: Budget and Financial Services Manager Claire Coleman told the council the general fund adjustments total $1,142,000 and additional amendments across special revenue and enterprise funds bring the total to $1,590,000. She listed specific requests including $29,500 for a fiscal impact report related to the library initiative,…
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