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Finance director reports January shortfall in health-insurance fund; council previews budget priorities including demolitions and streets
Summary
The finance director told the Finance and Personnel Committee that the health insurance fund posted a net year-to-date deficit of about $79,000 for January; the income-tax receipts came in above estimate by about $42,000. The mayor outlined budget priorities including $280,000 for demolitions, street repairs and equipment purchases.
At the Feb. 10 Finance and Personnel Committee meeting, Finance Director Flaker reviewed January financial results and the administration previewed budget priorities for the coming year.
Flaker reported that the health insurance fund for January showed revenues of about $433,000 and expenditures of about $512,000, producing a net year-to-date deficit near $79,000. He noted this negative position reflects encumbrances and a three-month purchase order opened at the…
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