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Finance director reports strong 2024 revenues, $59 million in investments and planned capital spending
Summary
City staff presented the December 2024 financial and investment report showing revenues generally above budget, notable Merriam Community Center overperformance, approximately $59 million in investments and planned capital projects; staff noted a planned deficit tied to capital investment funded from reserves.
MERRIAM CITY — The city's finance director presented the December 2024 financial and investment report, telling the council that most revenues finished the year ahead of budget while planned capital spending produced an expected net-position decrease.
The director said nearly all revenue categories outperformed budget. The Merriam Community Center exceeded its revenue target by more than $300,000, and real-property tax revenue also…
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