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Quarterly budget report: revenues largely on track but fire reimbursements delayed by third‑party cyberattack
Summary
Staff told the Finance Committee that municipal revenues remain broadly above estimates, but the Fire Department faces an unfavorable variance caused by a cyberattack on a third-party administrator that has delayed collections; staff said reimbursements are arriving and expect insurance or reconciliation to address losses.
The committee reviewed the quarterly budget and finance monitoring report through Oct. 31 and asked follow-up questions about several variances.
City staff said overall revenues remain above estimates and that many variances are timing-related. The Fire Department showed an unfavorable…
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