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Pasco presents biennial financial review: $64 million ending fund balance with major portions committed to capital
Summary
Finance Director Buckley told council the preliminary 2024 ending general fund balance is $64 million, with about $38.7 million already dedicated or restricted for capital and specific programs; staff flagged several funds for future rate or revenue reviews.
Director Buckley presented the biennial financial review for the city on March 24, describing adopted budgets, subsequent amendments and actual activity through the end of the biennium. “As of now, the ending fund balance is $64,000,000,” Director Buckley said, adding that roughly $38,700,000 of that balance is dedicated to capital spending or restricted for specific programs.
Director Buckley told council the apparent citywide fund balance includes substantial…
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