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Monroe City reports $39.6 million general fund cash balance; unassigned balance about $861,000
Summary
Finance staff presented a preliminary fund balance report for fiscal year ending June 30, 2025: total general fund cash of $39.6 million, categories by GAAP, and key restricted/assigned and unassigned balances; no council action required.
City finance staff presented the city’s preliminary general fund cash balance as of June 30, 2025, reporting a total cash balance of $39,600,000. Lisa Strickland (identified in the meeting as the presenting staff member) walked council through the standard governmental accounting categories: nonspendable, restricted, assigned and unassigned.
Strickland said the nonspendable portion includes inventory and prepaid items, and that the bulk of prepaid expense relates to prepayments for fire trucks under a manufacturer prepayment program. Restricted…
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