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City finance report: General fund revenues trailing, expenditures under budget; follow-up budget session planned
Summary
Finance staff reported through-July actuals showing general fund revenues under budget by $766,000 and enterprise fund revenues under by $920,000; expenditures are below budget creating healthy projected fund balances, and the council scheduled a follow-up budget meeting when HCAD final numbers are available.
Finance Director Mike presented the city’s monthly financial report for July at the Aug. 19 Seabrook City Council meeting, reporting year-to-date variances and projected fund balances.
Mike said general-fund revenues are underperforming by $766,000 to date, driven by lower property tax, sales tax and building-related receipts. He said current…
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