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Committee hears steady revolving-loan activity, finance report shows small revenue shifts
Summary
City committee accepted updates on the revolving loan fund and received the unaudited monthly financial report showing mixed revenue changes after seven months of fiscal 2025.
Chair Vaterio opened the Committee on Accounts, Enrollment and Revenue Administration and asked the clerk to call the roll before the committee took up finance items.
Kim, a city staffer who presented the revolving loan update, told the committee, “There's really nothing to report on with the revolving loans at this time. Things are coming in slowly as normal.” The committee moved to accept that update without further action.
The committee also received the city's unaudited monthly financial report for the first seven months of fiscal 2025. Sharon, a…
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