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Finance director: FY24-25 year‑end figures near completion; grants and SDC timing depressed revenue and expenditures
5771037 · August 19, 2025
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Summary
Finance Director James Brand presented a fourth‑quarter financial update saying the city received 87% of budgeted revenues through June 30 and spent approximately 74% of budgeted expenditures; the shortfalls reflect timing of grant‑funded projects and SDC transfers.
Finance Director James Brand told the council on Aug. 18 that the city has completed its fourth‑quarter accounting close for fiscal year 2024–25 but is still making year‑end adjustments. He said the numbers were prepared a week before the meeting and are largely complete but…
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