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Finance director says general fund collections outpacing budget through August; $26.3M in ARPA funds remain to allocate
Summary
The finance director reported the city's general fund revenues at 61.2% of budget through August, ahead of last year, and said about $26.3 million in ARPA funds remain obligated to projects with the performance period ending next year.
At the Finance, Debt and Budget Oversight Committee meeting, the finance director presented midyear finance results showing general fund revenues ahead of budget and provided an update on the city's ARPA and CIP accounts.
Director Campbell reported that through August, general fund revenues were 61.2 percent of budget compared with 57.3 percent at the same point last year. He attributed positive variances to stronger property-tax collections…
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