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Clayton reports fourth-quarter surplus, sales-tax gains and one-time adjustments; audit still in progress
Summary
City staff presented the fourth-quarter financial report showing higher revenues driven by sales-tax shares and corrected utility-tax figures once a prior Charter settlement is excluded. The annual audit remains in progress and staff will provide audited projections at the spring retreat.
City staff presented Clayton’s fourth-quarter financial report to the Board of Aldermen on March 3, reporting a general-fund surplus for the year-to-date and several revenue and expenditure notes the board should consider for long-term planning.
Finance Director Karen Dilber highlighted that sales-tax revenues rose, driven in part by the city’s share of county pool taxes. She clarified that utility taxes initially…
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