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Council accepts year-end financial report, directs staff on fund allocations; unanimously approves city manager agreement
Summary
Council accepted the fiscal 2024–25 annual comprehensive financial report showing $8.9 million in available fund balance and agreed to direct staff to return with allocation recommendations; the council also unanimously adopted an amended employment agreement for City Manager Steve Potter that preserves his compensation.
The Napa City Council voted to accept and file the fiscal year 2024–25 Annual Comprehensive Financial Report after presentations from Finance Director Donna Lee and Budget Officer Seth Anderson showing audited results with revenues above budget and expenditures below budget, leaving $8.9 million in available unassigned general fund balance. "Revenues came in above budget and expenditures were below budget resulting in…
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