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Finance committee reports 2024 revenues above budget; sets goals for fund-balance policies and operational efficiencies
2185015 · February 1, 2025
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Summary
Council got a preliminary year-end finance update showing revenue exceeded expectations by roughly $347,000; the finance committee set new 2025 goals including fund-balance policies for water and sewer funds and a drive for operational cost reductions.
Ken, finance committee chair, told council that preliminary year-end revenue receipts exceeded budget by about $347,000, driven by items including real estate transfer tax, local services tax, street opening permits, interest earnings and refunds. He said expense confirmations are pending bank and other statements and that a…
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