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City finance manager reports better-than-expected 2024 opening balances; some 2025 spending areas exceed midpoint
Summary
Budget Manager Jenna Walker briefed council on second-quarter 2025 financials: 2024 closing balances were stronger than projected (general fund ~ $1.3M favorable), capital spending lagged in some projects, while water fund expenditures were higher than anticipated due to taxes, pump repairs and equipment purchases.
Budget Manager Jenna Walker presented Snoqualmie's 2025 second-quarter financial update to council on July 14, reporting that the City started 2025 with stronger opening balances than anticipated in the budget process, while flagging several spending areas to monitor through the rest of the year.
The update matters to council because it summarizes fund balances, project timing and areas where year-to-date expenditures exceed the expected 50% mark at midyear, information the council can use to guide internal budget decisions and any needed adjustments.
Walker said combined opening balances across funds were about $3.4 million better than…
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