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City manager: Borger tracking to finish year with positive balance; warns of new state audit deadline and rising benefits costs
Summary
City Manager reported the city is projecting revenues above expenditures and on track for a positive year-end balance, but warned a new state audit timing requirement could limit fiscal flexibility and discussed a likely double-digit increase in insurance renewals under bid.
BORGER, Texas — At the Sept. 16 council meeting, the city manager reported that the city is still trending with revenues above expenditures and is on track to end the fiscal year with a positive balance, but urged attention to a new state audit deadline and to rising employee-benefits costs.
“ We are still trending, revenue over expenditures in, general fund,” the city manager said, urging council to review the encumbrance column because some credit-card charges were slow to…
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