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Olivette monthly financial report: December revenue below expectations but fund balance remains within policy
Summary
City staff told the council Dec. 2024 revenue was about $300,000 below expectations but expenditures were also lower; audited fund balance stands near $2.8 million, and staff said sales tax appears stabilized. The council received the December monthly financial report and the Q4 2024 investment report; no action was required.
Olivette finance staff on Jan. 20 presented the city’s six-month fiscal review through December 2024, reporting overall revenue about $300,000 below expectations and expenditures roughly $75,000 below projections. Staff emphasized that the city’s audited fund balance now appears in reports and remains within the city’s reserve policy at about $2.8 million.
During the presentation,…
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