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Council presses administration on shrinking one-time funds and fund-balance math
Summary
Councilors pressed staff on why the proposed FY2027 budget shows limited one-time money, how audited ending balances and a 15% fund-balance floor drive appropriations, and how COVID-era and other timing issues shaped prior-year uses.
Councilors pressed city staff for more detail about one-time funds and how audited fund balances and policy floors feed the budget. The exchange focused on how the administration calculates available one-time money, why the proposed FY2027 budget appropriates about $1.9 million in one-time uses and why that is lower than prior years.
Joel explained that audited ending fund balances and a ‘‘waterfall’’ policy determine…
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