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Minnetrista reports small 2024 general-fund surplus, auditors to finalize numbers in May
Summary
City finance staff reported a preliminary positive variance of roughly $70,000 in the 2024 general fund, with revenues slightly above budget and expenditures nearly on budget; the city’s general-fund balance is about $3 million, roughly 42–43% of annual general-fund expenditures.
City finance staff told the Minnetrista City Council that preliminary figures for the fourth quarter of 2024 show a modest positive variance in the general fund and a healthy fund balance going into 2025.
"We ended up having about a $70,000 on and we were able to be better than budgeted," Finance Director Brian Grimm told the council, summarizing the preliminary results. Staff cautioned that auditors are on site this week and will issue final numbers in mid-May.
The packet materials and staff remarks said general-fund revenues came in slightly above the adopted budget, driven in part by higher intergovernmental revenue and improved investment returns. Expenditures were essentially on budget — staff said total spending was within about $3,300 of planned amounts — producing the positive variance.
Staff reported an available general-fund balance of roughly $3,000,000 compared with estimated general-fund expenditures of about $7,000,000, a reserve level near 42–43 percent. Council members asked for clarifications on miscellaneous categories and professional services line items; staff said department-level variances were mostly within expectations and that a follow-up with more detail could be provided.
Auditors are expected to complete their review and release final audited figures in mid-May. Council took no formal action on the update; staff said the positive variance will return to fund balance to support next year’s budget.
