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A $3 million accounting error tied to a major redevelopment project has created a hole for Richmond Mayor Levar Stoney’s administration to plug in the city’s general fund budget, according to a new snapshot of spending and revenues released earlier this month.

The mistake, in effect, sent the new Richmond Department of Housing and Community Development $2.9 million into the red — more than twice what city leaders set aside for it during the fiscal year that began in July and runs through June 30. The overrun stems from the ongoing redevelopment of Creighton Court.

The Richmond Redevelopment and Housing Authority is working with a developer, The Community Builders Inc., to construct a 256-unit mixed-income neighborhood at the old Armstrong High School site on 31st Street.

The project began with the $3 million demolition of an old school building that once stood there. The city planned to pay for the expense through its capital budget, which is where the issue arose.

The city had transferred the nine-acre property to the housing authority in 2017 to make way for the redevelopment. Without ownership of the land where the demolition took place, the city can’t cover the costs through its capital budget.