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Council adopts year'end budget revisions and carryovers totaling several hundred thousand dollars
Summary
Council approved multiple budget revisions to carry encumbrances forward and adjust fund balances: general-fund encumbrances of $702,712, additional residual fund allocations totaling about $882,000 with $218,000 earmarked for capital escrows and a contingency increase to $200,000; other departmental carryforwards were also approved.
Finance staff presented multiple routine budget revisions to carry forward encumbrances and adjust fund balances. The council approved the first budget revision to carry outstanding encumbrances into the new fiscal year (approximately $702,712) and discussed a residual balance of roughly $882,000 that the finance director proposed allocating across capital escrows and contingency funds.
According to staff, $218,000 of the residual was proposed for capital escrows and contingency was raised to $200,000. Additional carryforwards included police department grants and uniform/equipment allocations tied to recent hiring; the cemetery fund and a bridal/field fund (described in the packet) also had encumbrances and carryovers. The revisions were moved and approved by voice vote.
