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Fife reports modest revenue gains and carryover spending; lodging and real‑estate receipts down
Summary
City finance director said fourth‑quarter 2024 revenues exceeded budget on net, while several categories — building permits, lodging tax, real‑estate excise tax and utility taxes — declined; staff will bring a first‑quarter budget amendment next week to carry forward unspent items.
Fife’s finance director presented the city’s fourth‑quarter 2024 financial review on March 18, reporting overall revenue slightly above budget and expenses below 100% of the plan, while key revenue lines showed mixed performance.
Director Chris Anderson said several revenue categories rose by more than 5% year over year: non‑parking traffic fines rose about 50% (just over $10,000) after a road‑patrol emphasis, and the aquatics fund increased nearly $300,000 in operating revenue even as pool operating expenses rose…
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