Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Stonecrest staff reports July revenue short of expenses; finance team says ERP conversion explains anomalies
Summary
City finance staff presented the July 2025 monthly financial report showing year‑to‑date revenues of about $6.79 million and year‑to‑date expenses about $7.79 million. Finance said the city is still waiting for property taxes and is correcting coding issues after an ERP system switch.
Stonecrest finance staff presented the city’s July 2025 financial report at a council work session, saying year‑to‑date revenue totaled $6,791,815 while year‑to‑date expenditures totaled $7,789,597. Director of Finance Lakisha Gaines told the council the July revenue total was $335,252, with tax receipts for the month of $239,582 and year‑to‑date taxes of $5,853,889. Gaines said building permits, business occupational taxes and franchise fees were among the top revenue sources. She also said the city is still waiting for property tax receipts, which typically…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
