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Finance presentation: Plano general fund revenues ahead of prior year; water fund trending lower in first half of fiscal year
Summary
City staff presented the March comprehensive monthly financial report: first-half General Fund revenues were $271.4 million (77.2% of budget) and up $16.3 million from the prior year; Water and Sewer Fund revenues were $109.4 million (45.7% of budget) and its fund balance decreased $1.4 million in the first half.
City finance staff presented the comprehensive monthly financial report for March and said the information is prepared monthly and presented to council on a quarterly basis. The General Fund reported revenues of $271,400,000 for the first half of the fiscal year, which staff said represents 77.2% of the total annual budget. The Water and Sewer Fund reported $109,400,000 in revenues, or 45.7% of its total annual budget.
On expenditures, staff…
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