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City finance director reports $124 million cash balance; projects year‑end around $108 million
Summary
City staff reported bank balances, capital spending and projected year‑end restricted cash for 2025; the report noted two large one‑time receipts in the prior year and highlighted ongoing capital projects including sidewalks, a civic center and a sea‑turtle facility.
City officials updated the council Sept. 2 on the city’s fiscal status, reporting roughly $124 million in cash, reserves and restricted funds as of Aug. 1 and a projected year‑end restricted cash balance near $108 million.
The presenter said the $124 million figure includes the city’s hurricane reserve, investments and restricted cash for capital projects and operations. He told…
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