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Edmonds finance director presents May 2025 report; investments and vacancies flagged for follow-up
Summary
Finance Director Paul Gould presented the May 2025 monthly financial report to Committee A, saying overall fund balances and cash reconciliations are stable but flagging a concentrated investment position in the state pool and several funded vacancies; staff will provide a second‑quarter report and follow up on bond and vacancy analyses.
Edmonds Finance Director Paul Gould presented the city’s May 2025 monthly financial report to Council Committee A on July 1, giving an operational summary, fund balances, and an update on investments and vacancies.
Gould opened by describing changes to report timing and content and said he had removed older forecasting reports he judged misleading. He told the committee he was working to provide clearer trend‑focused reporting and invited council members to suggest additional detail.
Key financial figures and staff observations presented: - Fund balances and cash: The general fund ending fund balance was tracking toward approximately $1.8 million after an approved May budget amendment; overall cash and investments totaled about $79…
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