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Cochran adopts FY 2024–25 budget amendment ahead of audit
Summary
To align the FY 2024–25 budget with actual expenditures and revenues before the audit, the council adopted an ordinance adjusting revenue and expense line items, clarifying that consultant staffing limits contributed to the timing of changes.
The Cochran City Council adopted an ordinance on Dec. 9 amending the FY 2024–25 budget to align recorded revenues and expenses with actual results ahead of the audit. Council discussion identified increased revenues (motor vehicle and property taxes and LOST) and multiple expense adjustments, including salaries, insurance, energy, professional services and public works. Members expressed concern about use of catch-all line items and confusion caused by shifting account ID numbers.
A consultant explained that staffing limitations and timing contributed to the need for post-fiscal-year amendments. Council approved the ordinance (motion by Gary Ates, second by Lonnie Tedders) to ensure the budget matches audited figures and to improve oversight.
The meeting record does not list every line-item change; staff will provide the detailed amendment schedule to the auditor as part of the audit process.
