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Rio Communities council unanimously approves year‑end budget adjustments
Summary
The City of Rio Communities Council voted 4–0 to adopt Resolution 2026‑13, approving fourth‑quarter year‑end budget adjustments to align the city’s fiscal 2025–26 budget with actual revenues and expenditures, including transfers and grant reimbursements.
The City of Rio Communities Council unanimously approved Resolution 2026‑13 on July 21, adopting fourth‑quarter (4th .25) year‑end budget adjustments to align the fiscal 2025–26 budget with actual revenues and expenditures.
Patricia, the city’s finance officer, told the council the measures were ‘‘year end housekeeping adjustments’’ intended to ensure the city’s fourth‑quarter report to the state reflected actual activity and did not create new spending authority. ‘‘These do not represent new spending authority,’’ she said.
The packet lists several revenue variances and transfers that prompted the adjustments, including transfers in to the general fund of $703,000 and an itemized set of revenue increases in franchise tax, gross receipts, and property tax lines. Patricia also identified grant reimbursements tied to projects as a reason for reclassifying balances.
Councilor Gordon moved to approve the resolution, and Councilor Melendez seconded. The motion passed on a recorded voice vote of 4–0. Council members present signed the approved resolution before adjourning at 6:21 p.m.
The council did not add new spending authority; the adjustments reallocate existing appropriations and correct posting errors across departmental funds. The city will submit the adjusted fourth‑quarter (.25) report to the state as required.
