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City finance staff report mixed sales‑tax results; self‑funded health fund positive while workers’ comp may need supplemental appropriation
Summary
Finance staff reported month‑to‑month variability in sales tax collections and a positive cash balance in the city's self‑funded health insurance fund of about $802,000; the workers’ compensation fund is short of a statutory minimum and may require a supplemental appropriation.
City finance staff provided an update on sales tax revenues and internal insurance funds, warning of continuing month‑to‑month volatility and possible budget adjustments later in the fiscal year.
Sheila Perry, finance director, said year‑to‑date sales tax collections were below budget in several categories: the general sales tax was about $59,000 under projection; the half‑percent capital…
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