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Midyear report: Roseburg general fund healthy; ARPA transfers used to cover personnel costs
Summary
City staff presented the Dec. 31 midyear (pre-audit) financial snapshot showing higher revenue year-to-date driven by property tax receipts, ARPA transfers used to cover personnel costs, and positive fund balances; staff reviewed fund-by-fund results and flagged timing lags for state-shared revenues.
City finance staff presented a midyear (Dec. 31) financial snapshot at the Feb. 24 council meeting showing the general fund and several enterprise and capital funds in a stable position, while explaining timing differences for state-shared revenues and one-time transfers from American Rescue Plan Act (ARPA) funds.
In brief: finance staff said the general fund had collected roughly 76% of its budgeted revenue by Dec. 31 (driven by property-tax receipts that arrive late in the calendar year) and spent about 42% of budgeted expenditures. Midyear numbers are pre-audit and use modified accrual accounting conventions; staff warned some revenue lines show low percentages at midyear due to state and utility reporting lags.
ARPA tr…
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