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Milton council hears second-quarter financial report showing general fund revenues above midyear target
Summary
At an Aug. 11 study session, Interim Director Robec told the Milton City Council that general fund revenues were at 63% of budget through the second quarter, expenditures were at 48.8%, and staff flagged timing issues and one large grant in the capital improvement fund.
At its Aug. 11 study session, the Milton City Council received a second-quarter financial report from Interim Director Robec summarizing fund-by-fund performance through midyear. "General fund revenues look great at 63% with all revenue categories above the 50% target," Robec said, and reported general fund expenditures at 48.8% of budget.
The report noted several specific variances that officials said will normalize before the next quarterly update. Robec said judicial expenditures were higher than budget because the annual payment to the city of Puyallup for municipal court services was billed and paid earlier than in previous years; staff plan to allocate part of that…
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