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City finance director reports projected $1.218 million FY2025 general fund surplus; police overtime cited as driver of expenditure deficit
Summary
City finance staff reported a projected FY2025 general fund operating surplus of $1,218,000 driven by stronger revenues (interest income, motor vehicle registrations, permitting) offset by an expenditure deficit largely from police overtime tied to 23 vacancies.
City finance staff presented an updated FY2025 general fund forecast at the Manchester Board Mayor & Aldermen meeting on Feb. 18, projecting a $1,218,000 operating surplus as of Feb. 18.
The forecast breaks the surplus into a $1,589,000 revenue surplus and a $371,000 expenditure deficit. Finance staff attributed the expenditure deficit primarily to police overtime and noted the department currently had 23 officer…
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