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Council reviews budget amendment items, cites county reimbursement and SRF draws
Summary
Staff reviewed proposed budget amendments and highlighted unbudgeted items (including a $9,900 TIF item for Pleasant Hill, SRF loan draws, and an expected county reimbursement that would raise a fund from roughly $25,000 to about $230,000). Council scheduled budget workshop sessions starting Jan. 8.
Council and staff reviewed accounts likely to require amendment during the upcoming budget season. Staff identified several highlighted line items for amendment (examples cited included a $9,900 item related to a TIF in Pleasant Hill and under-budgeted SRF loan draws) and said the town currently has roughly $25,000 in one fund until county reimbursement arrives; staff stated that when the county money is returned the fund would be roughly $230,000.
Members discussed scheduling budget workshops beginning Jan. 8 and estimated that the budget review historically requires two to three meetings (possibly three weeks) before final review. Staff said they had prepared public hearing notices and budget documents for the council to review prior to final motions.
