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Council approves year-end budget amendments to build fund balance toward 40%
Summary
Council approved 2025 year-end amendments to redirect local government aid and pause certain transfers to increase the city's fund balance, including a recommended transfer/redirection totaling roughly $210,008.54 to capital and $300,008.54 to increase reserves.
Council approved staff's recommended year-end budget amendments intended to strengthen Lindstrom's fund balance and avoid near-term bonding pressure. Staff described redirecting local government aid from capital and pausing planned transfers so the city can increase reserves toward its 40% fund-balance policy.
Dan explained that redirecting roughly $210,008.54 and holding transfers would increase the fund balance and that the city expects to be at or near the 40% policy by the end of 2026. Council moved and unanimously approved the budget amendments. Council members asked that the recommended changes be clearly documented as conditions before recordation for projects where fees apply.
