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North Miami says cyberattack drove $15.6 million year‑end cash shortfall; utility billing still recovering
Summary
City CFO presented unaudited third- and fourth-quarter numbers showing large budget amendments and a $15.6 million cash dip tied to a cyberattack; councilors pressed staff on collections, ARPA balance and utility-billing delays.
Angela Reyes, North Miami chief financial officer, told the City Council on Jan. 14 that the city’s third- and fourth-quarter financial statements are unaudited but show significant year‑end adjustments and a material cash shortfall caused by a cyberattack.
Reyes said city staff recorded $27.7 million in budget amendments in the third quarter — much of it PO (purchase order) rollovers — and $80.5 million in the fourth quarter, citing CRA bonds and further rollovers. “These are unaudited numbers for now,” Reyes said during her presentation.
The presentation showed the general fund performance rising to about 98%…
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