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Fairview finance staff report fund shortfall, audits behind schedule; council asks for clearer public access
Summary
Quarterly financial reports on Sept. 3 showed Fairview’s general fund ending balance about $600,000 below projections and called attention to audit delays and a negative balance in a projects fund; councilors asked staff to make financial documents easier for the public to access.
City finance staff told council on Sept. 3 that recent quarterly financial statements show the city’s ending general-fund balance was about $600,000 lower than expected when the budget was adopted and that the city remains behind on several routine audits.
In the presentation, staff said the Grant and Carole [sic] projects fund remains negative on the current report until audit adjustments and transfers are completed. The finance presenter told council: "This is…
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