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June financial report: utility deficit narrows; grants receivable $391,000; ambulance collections improve
Summary
Finance director Pamela presented the June financials: utility fund revenues rose to about $9 million, expenditures pushed a $368,000 deficit (better than last year), grants receivable total $391,000, and ambulance collections improved year‑over‑year.
Pamela, the city’s finance presenter, told the council that 75% of the fiscal year has elapsed and reviewed June financial statements.
“This is 75% of the year has elapsed,” Pamela said. She reported the utilities fund showed total revenue of “a little over $9,000,000” compared with about $8.3 million last year, and total expenditures of $9.4 million this year versus $8.8 million last year. Pamela said the utility fund currently shows expenditures exceeding revenues by about $368,000, improved from $534,000 at the same point last year.
On the gen…
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