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Seabrook finance report shows stable fund balances; manager updates water interconnect, EMS expansion and generators
Summary
City finance staff reported Seabrook's adopted $16 million general fund with a projected $1.1 million positive change in fund balance; the city manager reviewed capital projects including an interconnect waterline, an EMS expansion (bid opening May 29), generators with long lead times, Pine Gully wastewater repairs and a North Meyer street design
City finance staff presented the monthly financial report for April and the city manager updated council on ongoing capital projects, saying the city’s core funds remain stable while several infrastructure projects advance.
Finance staff reported the city adopted a $16,000,000 general fund budget and began the year with a beginning fund balance of just over $9,000,000. Current projections show a projected change in fund balance of roughly $1,100,000, leaving about $10,000,000 in the bank at year end based on current forecasts. Staff warned that sales-tax revenues are running under budgeted expectations but remain up roughly 4%…
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