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Finance director: city revenues trending but water utility deficits and emergency spending strain reserves
Summary
Finance Director Linda Biles told the council that general fund revenues are strong year-to-date but the city has been using general‑fund reserves to cover water-utility emergency repairs; staff estimate the utilities owe roughly $6 million to general fund and the city has about $21 million in outstanding grant drawdowns.
Port Arthur’s finance director told the City Council on May 20 that the city’s general fund revenues are tracking above expectations through the second quarter, but that water and sewer utility operations have required emergency spending that reduced reserve balances.
Finance Director Linda Biles presented the semiannual report and said general-fund revenue and many major funds are “trending very well.” But she also said the city has moved cash to cover urgent utility repairs and currently expects to owe the general fund…
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