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City report: first-quarter finances, sewer and downtown revitalization bids, substation delay detailed
Summary
City Manager and finance staff briefed the council on first-quarter finances showing a seasonal deficit driven by annual insurance and capital purchases; staff announced March 13 bid openings for sewer lines and downtown revitalization, and said a substation transformer project is delayed by component shortages.
City Manager Bert and finance staff updated the Bowie City Council on the city’s first-quarter financials and several upcoming infrastructure bid openings.
Finance presenter Pamela told the council the Oct.–Dec. quarter showed utility revenues at about 23.4% of expected annual receipts and an overall first-quarter deficit of $228,744 driven in part by annual property-and-casualty and workers-comp insurance payments billed at the start of the year. Pamela said Curt Higgins submitted a grant that, if awarded…
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