The Falls Church City Council learned from the City’s Chief Financial Officer Kiran Bawa that an additional $706,987, including interest income exceeding $600,000, is available to be deployed in the new Fiscal Year 2020 budget, and it is recommended that $650,000 go to the Capital Improvement Fund.
The $706,987 of new appropriations in the General Fund will be funded with additional projected operating revenues in the current fiscal year and interest earned on debt proceeds.
