Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
St. John Board of Finance accepts 2024 financial report showing higher cash balances and low tax rate
Summary
The St. John Board of Finance voted unanimously to accept the town's 2024 finance report after Clerk‑Treasurer Beth Hernandez presented increases in cash and investment balances, strong general‑fund receipts and a low municipal tax rate.
Beth Hernandez, the town clerk‑treasurer, presented a snapshot of St. John’s 2024 finances and the Board of Finance voted to accept the report Wednesday.
Hernandez told the board the town’s total cash balance in January 2024 was $44,341,309 and the combined cash-and-investments ending balance for the year was $49,258,409, an 11% increase. She said the combined number includes cash and investments and that 2024 bond proceeds received in June totaled “just under $6,000,000,” which the town is using for town‑wide paving and capital projects.
Hernandez said the general fund began 2024 with about $3,800,000 in combined cash and investments and finished the year at about $4,700,000 — an increase of roughly $829,000 (21%). She…
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
