Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
City manager says fund balance grew to over 46% and current budget is balanced
Summary
City Manager Gordon Hargrove reported a fund-balance increase from 6.75% to over 46% within a year and told the board the current year's budget is fully balanced with no transfers required; the mayor said the budget is moving toward final approval and meeting-room audio will be upgraded.
City Manager Gordon Hargrove told the board that staff increased the city's fund balance “from 6.75% to over 46% within a year,” a change he attributed to staff performance and implementing board directives. Hargrove said the current fiscal-year budget is fully balanced and did not require transfers from the fund balance.
Mayor Jeff Winecoff confirmed the budget is moving forward for final approval and outlined planned meeting-room improvements, saying the city intends to upgrade microphones and add speakers to reduce echo and improve audio quality for public meetings. No formal budget vote occurred at the June 18 session.
