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Stonecrest presents unaudited 2024 revenue and expense summary; city reports growth in several revenue streams

2256024 · February 10, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

City finance staff presented an unaudited summary showing growth in franchise fees, insurance premium tax and business-license revenue for 2024; staff said external annual audit will follow.

City staff presented an unaudited summary of Stonecrest's 2024 revenues and expenses during the Feb. 10 work session, highlighting higher-than-budgeted franchise-fee receipts and insurance-premium-tax collections.

Finance staff said the city ended 2024 with total revenues above budget, citing franchise fees ($3.5 million reported on the presentation),…

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