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Wasco council adopts $406,224 midyear budget adjustment after finance review
Summary
After a midyear presentation showing a projected $25.6 million general-fund balance and unusually large reserves, the Wasco City Council approved a $406,224 midyear operating adjustment that adds $86,000 of expenses and recognizes roughly $493,000 in additional revenues; council members sought clarifications about a budget transposition error and external economic risks.
The Wasco City Council voted to adopt a midyear operating budget adjustment totaling $406,224 after a detailed presentation by finance staff on the city’s fiscal position.
Finance presenter Miss Blakemore told the council she had run numbers through March 31, 2026, and said the city projects a year-end general fund balance of about $25.6 million. That reserve level represents about 147% of operating expenditures, she said, well above the city’s 35% reserve policy. Blakemore proposed midyear adjustments that recognize approximately…
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