Friday, June 26, 2015

City Council approves budget, 2015-16

Image result for living within our means picture
City swimming in quarters
 Pacifica Tribune/Jane Northrop, 6/23/15.  "Council approves 2015-16 budget."

"City Council unanimously approved the budget for the fiscal year 2015-16 Monday.  Lorenzo Hines, Jr., assistant city manager, went over the information presented in past budget discussions in this final session."Cost recovery is key and we are living within our means," he said.

.... The general fund has a balance of $28,751,310. All of the other funds total $73,971,376. The budget includes a work plan prioritizing City Council goals.

.... City staff reported an inter-fund loan of $2.2 million between Fund 9 and Fund 22 had been made in 2003 and never repaid. That loan remains outstanding."  Read article.

Note photograph. Face image page to Universiteit Utrecht

Posted by Kathy Meeh

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