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Finance committee reviews March year-to-date revenues, expenses and bank balances; minutes approved
Summary
Finance staff reported a delayed but higher-than-expected property tax receipt, flagged several expense variances, and provided balances for city accounts. The committee approved the minutes and temporarily recessed to view a new police cruiser.
Miss Stefan, finance staff, presented the year-to-date revenue report through March and highlighted a late county payment of property tax that arrived April 2 and will appear in next month’s report.
"We typically receive that from the county in March, but we didn't get that until, April 2," Miss Stefan told the committee. She said the payment came in higher than budgeted and that next month's packet will reflect the additional…
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