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Finance director reports May revenue at $5.7 million year‑to‑date; expenses at $4.36 million
Summary
Finance staff briefed council on May revenues and expenses, reporting roughly $5.7 million collected year‑to‑date toward a $17.5 million projection and year‑to‑date expenses of $4.36 million; court revenue and completed FY21 audit were noted.
Director Gaines delivered Stonecrest’s monthly financial update June 9, reporting year‑to‑date revenue collections of about $5.7 million toward an approximate $17.5 million budget projection and year‑to‑date expenses of $4.36 million.
The update matters because it indicates the city’s near‑term cash position and how capital programs are tracking against budget. Director Gaines said most…
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