Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Johnson City finance director reports $33.9 million fund balance, $21 million drop since June 2024
Summary
Finance Director Stephanie Louse presented unaudited results for nine months ending March 31, 2025, reporting a $33.9 million fund balance (down $21 million from June 2024), an expense recognition of a $27 million settlement, and sales‑tax trends that staff expect will result in meeting budget but not exceeding it.
Finance Director Stephanie Louse presented unaudited financial statements to the Johnson City Commission on April 17, 2025 covering the nine months ended March 31.
Louse reported a general‑fund balance of $33.9 million as of March 31, a decrease of $21 million from June 2024. "Our fund balance right now as of March 31 is 33,900,000.0," she said. The report reflects a February settlement the city recorded in full as an expense of $27 million; Louse said about $21 million of that payment has been disbursed and the remainder remains as an accrual in payables.
Why it matters: The drop in fund balance reduces the…
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
