Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City finance presentation: fund balance, loan receivables and reserves summarized in high-level review
Summary
City staff reviewed the city's fund balance and reserves, noting a roughly $2 million unassigned balance, a $242,000 loan receivable category, and revenues that exceeded budget in the recent period according to the presentation; staff said unrestricted reserves equal about 4.5 months of operating coverage.
City staff presented a high-level financial review that summarized fund-balance categories, loan receivables and reserve levels.
The presenter described a loan receivable category of about $242,000, characterized as long-term receivables that are not immediately spendable. The presenter said another category totaled about $2.7 million and included amounts the city had…
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
