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Cudahy's unaudited FY2024–25 financials show higher-than-budgeted ending fund balance; grants drive cash flow variability
Summary
Interim finance director presented unaudited FY2024–25 results showing a larger-than-expected General Fund ending balance, under-spending by departments, and a grants fund that creates cash-flow variability due to cost-reimbursement timing.
The Cudahy City Council received unaudited financial statements for the fiscal year ended June 30, 2025, showing the General Fund ended with about $7.0 million in fund balance—well above the $3.2 million budgeted—and that departmental expenditures were roughly 20% under budget.
The interim finance director told the council that General Fund revenue finished about 6.5% below budget, driven by overestimates in permitting and related revenue, but that expenditures were nearly $3.7 million below budget, producing the stronger-than-expected ending balance. “We budgeted, a year ago,…
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