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Pampa first-quarter financial report: general fund on track; utilities draw on restricted balances
Summary
Staff presented the first-quarter (ending March 31) financial dashboard for fiscal year 2024–25: general fund revenues and expenditures are roughly in line with the budget, while utility funds show planned draws on restricted accounts.
Theresa Daniels presented the city’s first-quarter financial dashboard for the 2024–25 budget year, reporting year-to-date figures through March 31 and explaining timing differences in revenue recognition.
On the general fund, Daniels reported about $10,000,000 in revenues year to date against an $18,200,000 annual budget — roughly 55% of budgeted revenue collected through March 31. She noted timing factors for specific line items: property tax collections were about 92% because those receipts concentrate in the first year’s months, while sales tax lags by two months and will appear…
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