Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City presents January financial report showing lower sales tax, planned use of reserves
Summary
Finance Director Mike Evans briefed the council on the city’s January 2025 financials: a beginning general-fund balance just over $6.4 million, sales tax receipts down versus the prior year, and a forecast that will use one-time fund balance to balance 2025 and possibly 2026.
Finance Director Mike Evans presented the City of Shelton’s January 2025 financial report at the March 18 council meeting, outlining fund balances, revenue trends and early-year expenditure projections.
Evans said the general fund began 2025 “at just over $6,400,000” and the city is estimating an ending general-fund balance of about $5,400,000. He reminded council that per city policy a 20% reserve is maintained for emergencies and that using the reserved portion would require a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
