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Toquerville closes fiscal year with stronger fund balance; city manager proposes building cemetery perpetual care reserve
Summary
City Manager Ben Billingsley reported preliminary fiscal‑year results showing a 25% general fund balance and lower‑than‑budgeted reduction in fund balance; he recommended retaining cemetery perpetual‑care receipts to grow an endowment that will finance long‑term cemetery maintenance.
The Toquerville City Council received a fiscal‑year‑end update on July 16 showing the general fund ended the year with a stronger‑than‑expected fund balance and that the city manager proposes a conservative approach to the cemetery perpetual‑care fund.
City Manager Ben Billingsley told council the general fund preliminary fund balance finished near 25% of expenditures — higher than the staff projection of 22–23% — and that the audited figures may change slightly once the city’s year‑end audit is complete. On revenues, sales tax and…
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