Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Budget topic
No spam. Unsubscribe anytime.
Staff outlines budget amendment to close 2023–24 fiscal year; $308,200 in key items cited
Summary
Staff told the commission the city ended the 2023–24 fiscal year at about 7% surplus (~$380,126) and said four items totaling roughly $308,200 explain most of the variance; staff scheduled a budget amendment hearing for Nov. 18.
Staff member (S4) briefed commissioners that the city would present a budget amendment to balance the 2023–24 fiscal year. “We ended up the year at 7% of the budget. That amount was $380,000 $380,126,” S4 said, and added that four items explain most of the difference: a CA cert for about $33,500; an additional police pension contribution of roughly $70,000 required by the pension administrator; a $156,000 accounting adjustment tied to grant accounting; and $120,000 connected to Melissa Park projects. S4 said those four items total approximately $308,200.
Staff said the amendment would be discussed at a mayoral-commission hearing on Monday, Nov. 18, and that the city had previously transmitted required documents late but secured state acceptance to proceed to adoption.
Why it matters: The amendment affects the year-end accounting and will determine whether the city must reallocate or reserve funds for pension and park obligations. The items cited include pension and park expenditures that could influence the coming year’s budget.
What’s next: Staff scheduled a transmittal/adoption sequence and public hearings; no final adoption or formal vote on the amendment was recorded in the provided transcript.
