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Commission reviews March financials and approves mid‑year budget adjustments
Summary
Finance staff reported nine-month results through March 31 showing healthy tax collections and general fund spending roughly in line with expectations; commissioners approved several budget adjustments including higher interest revenue and reclassification of Remington Field project receipts.
Finance Director Zeke presented the city’s financial report for the nine months ended March 31 and a set of proposed budget adjustments that the commission approved on May 20.
Zeke said property tax collections are strong: the city has received 99% of taxes to date. State revenue sharing receipts are on schedule at roughly half of annual expectations. Expenditures in the general fund are about 75% of the budget through…
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