Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance director reports general fund finished fiscal year $1.1 million positive; council schedules study session on budget
Summary
City finance staff told the council the city closed the fiscal year with general-fund revenue exceeding expenditures by about $1.1 million, described one-time revenue sources and transferred opioid settlement funds to the capital fund; council scheduled a March study session to examine the budget further.
City finance staff presented the December financial report and told the council that the city's general fund ended the fiscal year with revenue exceeding expenditures by approximately $1,100,000, substantially better than the adopted budget projection that assumed a $308,000 deficit.
Speaking to the council, the presenter said the positive balance reflected conservative revenue estimates and several "one-time revenues" such as donations, grants and higher-than-expected permitting fees. He said the city moved opioid-settlement funds out of the general fund and into the capital resources fund to…
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
