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Temple projects $3.1 million revenue favorability in second-quarter forecast; sales tax and personnel variances highlighted
Summary
Finance staff presented second-quarter FY2025 financial results showing revenues above budget, a favorable $9.6 million variance in general fund forecasts, and department-level personnel lags driving expenditure underspend.
Finance staff presented the city’s second-quarter financial results through March 31, 2025, and forecast a favorable general-fund variance driven by revenues slightly above budget and expenditures below budget.
Tracy, staff member (finance), told the council the fiscal-year-to-date picture at the end of March showed general fund revenues at roughly 60% of the amended budget, and she explained the timing effects of property tax and sales-tax receipts. “We we are actually…
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