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Finance officer: FY25 first eight months show mixed results; $500,000 pharmacy rebate improves outlook
Summary
Sharon Wiggins, Manchester finance officer, told the Accounts Committee that audited figures for the first eight months of FY25 show overall obligated spending close to budget, several revenue variances versus FY24, and a pharmacy rebate of about $500,000 that helped move health-care spending under budget.
Sharon Wiggins, finance officer for the City of Manchester, told the Committee on Accounts she had no major comments but invited questions after presenting the city’s audited financial report for the first eight months of fiscal year 2025.
Wiggins said the benchmark for average obligated balance after eight months is 33.33%. “All departments [are] within 10% of this benchmark, with the exception of the public works department,” she said. The overall obligated percentage after eight months is about 32.5% for 2025 compared…
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