Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance director reports 2024 surplus; city ends year with roughly $244,000 more revenue than expenditures
Summary
Finance Director Klaus Brown told the council that Medical Lake finished 2024 with a net positive result, driven by higher-than-expected sales tax, permit revenues and interest income; special funds showed mixed results.
Finance Director Klaus Brown presented the city’s 2024 year-end financial review to the council on Jan. 21, reporting that the city ended the year with more revenue than expenditures and noting several revenue categories that exceeded expectations.
Brown summarized the bottom line: "we brought in, it was $244,000 more than we spent," meaning the general fund ended 2024 with higher reserves than at the start of the year. He said general fund revenues exceeded budget expectations by about 3%, while…
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
