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Spring Hill posts $1.3 million net gain for 2024; council moves funds to reserve capital, agrees to prioritize sidewalks
Summary
City finance staff reported stronger‑than‑expected 2024 revenues that produced an additional $1.3 million in general‑fund cash; council approved year‑end transfers and directed part of a proposed medical reserve transfer toward sidewalks.
The Spring Hill City Council heard its 2024 year‑end finances on March 27 and approved staff recommendations to move a portion of year‑end cash into designated reserves for upcoming capital needs, with a new emphasis on sidewalks.
Finance director Mrs. Dunn told the council that 2024 ended “better than budget by $1,400,000” in revenue and that the city will place “about $1,300,000 in additional cash” into general‑fund reserves after accounting for expenses that ran about…
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