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Quarterly finance briefing flags flat revenues, possible downward revisions and a spike in jail billing
Summary
City finance staff told the committee that first-quarter variances show flat underlying revenues, sales tax weakness in January–February and a large settle-and-adjust jail bill that could force downward revenue revisions and budget adjustments.
City finance staff presented the first-quarter variance report comparing year-to-date budget to year-to-date actuals and cautioned that early-year revenue trends could require downward revisions to 2025 projections.
Jessica (finance staff) said general fund revenue was favorable to budget at quarter end when transfer-in accounting entries were included, but that excluding an early transfer from a utility-derived fund shows underlying revenue essentially flat. Sales…
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