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Commission approves $1.8 million amendment to FY2024 General Fund
Summary
Finance staff recommended and the commission approved a budget amendment increasing appropriations and revenues by $1,814,614 (8.15% of the FY2024 adopted budget) after a budget-to-actual analysis; commissioners discussed higher-than-expected insurance and building-activity revenues.
The Finance Director presented a budget-to-actual analysis and proposed a General Fund amendment increasing appropriations and revenues by $1,814,614, or about 8.15% of the adopted FY2024 budget. The director said increased building activity raised both revenues and inspection-related expenditures; property and liability insurance line items also came in higher than anticipated.
Commissioners asked for examples of unusual line-item changes and staff noted the amendment reflects routine year-end adjustments. The commission unanimously passed Resolution 2024-2647 amending the fiscal-year budget as presented.
Staff will incorporate the adjustment into accounting records and report back on any material variances at subsequent budget-review sessions.
