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Finance director reports strong first-quarter revenue; expenditures near budgeted levels
Summary
City finance director Dave Godick presented the city’s quarterly financial statements showing year-to-date revenues of about $43.5 million and expenditures at roughly $22.8 million through March 31; staff said no fund draw is expected at this time but noted several cost pressures including fire department overtime and outside legal fees.
Dave Godick, the city’s finance director, presented the first-quarter financial report to the Janesville Common Council on April 28, reporting year-to-date revenues of about $43,500,000 through March 31 and year-to-date expenditures of roughly $22,800,000.
Godick told the council that roughly 73% of budgeted revenues are recognized early in the year because property tax revenue is recorded in…
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