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Edgewater trustees approve 2024–25 budget schedule and related expenditures
Summary
The Edgewater board voted to adopt the schedule-of-expenditures-to-actual for the 2024–25 budget (as of 07/31/2024), after staff described the state-required budget and contingency allowances for actuarial and administrative anomalies.
At the quarterly meeting the board moved to approve the schedule of expenditures-to-actual for the 2024–25 budget as of July 31, 2024. Staff said the draft was prepared to satisfy state filing requirements and to include allowances for possible anomalies such as disability hearings or actuarial studies.
A trustee made the motion to adopt the expenditures schedule; the motion was seconded and passed by roll-call vote with affirmative votes from trustees present. Staff noted the budget reflected CPI adjustments and a conservative approach to potential administrative needs; implementation follows the board's usual review cadence.
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