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Finance update: food-and-beverage tax up 4% in Q1; cash balance reported
Summary
Consultant Kyle Carlson reported first-quarter food-and-beverage tax revenues up 4% year over year, February expenditures of about $152,000, and ending cash balances of roughly $3.5 million, with available cash of just over $3 million; insurance premium details will be broken out for 2026 cash flow.
Kyle Carlson of Piccotele presented the board's cash-flow update, reporting that first-quarter 2025 food-and-beverage tax collections were about 4% higher than the first quarter of 2024, while noting that March 2024 collections were unusually low and can distort year-over-year comparisons.
Carlson said…
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