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Mesquite finance director: city27s cash balances rose in first quarter; some funds show timing and one-time entries
Summary
Director of Finance Ted Chin told council the city27s cash balances increased through Dec. 31, 2024; he outlined operating fund positions, timing-related accruals, higher wholesale water costs and internal-service fund pressures from medical claims.
Mesquite finance director Ted Chin presented the city27s fiscal first-quarter financial statements (Oct. 12DDec. 31, 2024) to the city council April 9 and said the city began the fiscal year with a $30.7 million cash balance in the general fund and ended the quarter with $42.6 million.
Chin said stronger property-tax collections (noting Dallas County recently began collecting Mesquite taxes) and other timing differences accounted for an $11.8 million cash increase compared with the start of the fiscal year; the city had collected 99.94% of the current tax levy as of the report. Sales-tax receipts through December…
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