Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Duvall finance director reports 2024 results: revenues below budget, expenditures under budget; reserves remain healthy
Summary
Finance Director Beth Newton reported preliminary unaudited FY2024 figures: the city earned about 92.6% of budgeted revenue and spent roughly 82.5% of budgeted expenditures; investment income rose to about $1.7 million and the building/permit fund balance ended the year near $3.9 million.
Duvall’s finance team presented a preliminary, unaudited summary of 2024 finances to the city council, showing revenues below budget but expenditures materially under budget and several fund balances remaining healthy.
Finance Director Beth Newton said the city’s preliminary 2024 results show total revenue at roughly 92.6% of what was budgeted and total expenditures at about 82.5% of budgeted levels. Newton also noted investment interest income across funds totaled about $1,700,000 in 2024, up from about $1,300,000 in 2023. She told the council the city’s…
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
