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Small adjustments to general fund, small transfer added to avoid supplemental budget
Summary
Staff reported a smaller-than-expected prior-year adjustment (~$40,000) and increased interfund transfers from $200,000 to $205,000 to allow ASB reimbursements without a supplemental budget.
Denise told the committee the prior-year adjustment was smaller than anticipated — closer to $40,000 rather than the $70,000–$80,000 estimated earlier — and that the extra amount would flow to the contingency reserve. She also said staff increased transfers from other funds in the general fund column from $200,000 to $205,000 to permit reimbursements to or from ASB without submitting a supplemental budget.
The general fund revenue total was presented ($25,713,200) and staff reiterated that appropriations and resources must balance. Denise said salaries and payroll cost projections remained unchanged from the prior meeting.
