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Finance director reports first‑quarter revenues above forecast; tornado response costs exceed $722,000 so far
Summary
Finance Director Zach Jackson presented a new quarterly budget‑variance report showing first‑quarter general fund revenues higher than forecast and spending below plan; Fire Chief Joel Thacker reported preliminary tornado response and recovery costs of about $722,000 forwarded for state and FEMA review.
Carmel’s finance office presented the city’s first quarterly budget‑variance report to the Common Council on April 21 and outlined changes to monthly reporting; staff said general fund revenue in the first quarter exceeded the forecast and overall spending remained below plan.
Zach Jackson, Finance Director, said the city’s first‑quarter general fund projection was $18.8 million while actual receipts were roughly $19.5 million — a positive variance driven in part by a reimbursement tied to a prior event and a Medicaid/EMS payment that arrived…
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