The revised budget 2009 report has been sent to city officials showing the error correction of:
The corrected 2009 General Fund Budget is: $14,499,572.
September 29, 2009
Quote: "The department (DLGF) reviewed the budget numbers and found that the city had reported a loan from TIF funds in one part of budget documents after a mid-year reporting date. Even though the temporary loan was repaid, the offsetting repayment wasn't reported in city documents sent to the state, said agency spokes woman Amanda Stanley."
They included the obligation and should not have, Stanley said."
Source: C/J
