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Council questions Local Building Authority budget presentation and carryover accounting
Summary
At a public hearing on the Local Building Authority budget for FY2025'26, officials asked staff to show carryover balances and consider monthly reporting so the council can see funds already received versus projected future receipts.
During a public hearing on the Local Building Authority's FY2025'26 budget, council members pressed staff to show carryover balances that the authority already holds and to clarify how those funds will be applied to upcoming projects.
A council member noted the authority had committed $30,000 from the general fund and asked that previously received funds be shown on the budget statements. Staff said carryover amounts change daily and suggested adopting a cutoff date or providing monthly updates; staff also said budget amendments could be made when projects are confirmed.
"I think what she's saying is carry forth the money you've already received," the mayor said, urging clearer reporting of balances. Staff agreed to explore ways to display the current fund balance and to provide more regular updates to the council.
No public comment was recorded and no formal action was taken; staff will consider reporting changes and possible future amendments tied to confirmed projects.
