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City finance director reports strong first-quarter revenue, bond proceeds raised cash reserves
Summary
Finance Director Roxanna Morales reported the city collected $20.4 million (47.7% of budgeted revenue) through Dec. 31, 2024, with cash and investments rising after bond proceeds and capital projects underway.
Roxanna Morales, the city's finance director, delivered the quarterly financial report covering the period through Dec. 31, 2024, at the Feb. 11 Jacksonville City Council meeting.
Morales said the city budgeted $42.8 million in revenue for the fiscal year and had collected $20.4 million, or 47.7%, noting total budgeted expenditures of $52.2 million and year-to-date spending of about $6.9 million (13% of budget). "Overall, we remain with solid financial footing as we complete the first quarter of the…
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