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McGregor receives February financial report showing revenue gains and cash reductions compared with prior year
Summary
City staff presented financials as of Feb. 28, 2025: revenues increased in several funds compared with the prior year, while overall cash in the bank fell by about $6 million, reflecting timing and reserves.
City staff presented the McGregor financial report for the period ending Feb. 28, 2025, showing mixed results across funds and year-over-year timing differences.
Staff said the fiscal year is 41.67% complete through February. The general fund’s net cash flow was reported $84,000 lower than the previous year; revenues were reported up $297,800 and expenditures up $381,800 compared with the same period last year. Staff attributed the revenue increase mainly to an increase in…
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