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Town finance director reports first‑quarter revenue gains, utility fund increases
Summary
Fairview reported general fund and utility fund revenue collections through December 2024 that exceeded the prior year and showed expenditures near expected quarterly levels; the town noted sales tax fluctuations and increases in new utility accounts.
Town finance staff presented the fiscal‑year 2025 first‑quarter (through December 2024) financial summary at the Feb. 4 council meeting, reporting higher revenue collections than the prior year in both the general and utility funds and expenditures near expected quarter‑to‑date percentages.
The finance staff reported general fund collections for the third month of the budget year at $4,638,295, which staff said was 37% of the…
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