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Finance staff reports mid‑year budget-to-actuals; several funds below year-to-date projections
Summary
City finance staff presented a budget-to-actual report covering Nov. 1, 2023–July 31, 2024 (75% of fiscal year), showing general fund revenues at 51% of budget and multiple enterprise/project funds with timing-driven variances; transfers and project-driven revenues expected later in fiscal year.
City finance staff presented the monthly budget‑to‑actual report for the period Nov. 1, 2023 through July 31, 2024 (75% of the fiscal year) at the Aug. 20 New Iberia City Council meeting, outlining variances across operating, special revenue and enterprise funds.
Key figures cited by staff include general fund budgeted revenues of $32.5 million with actual receipts of $16.6 million (51% of budget) and general fund expenditures…
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