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Waco finance director presents FY2025 first-quarter figures; council asks for more comparative detail
Summary
The city’s managing director of finance, Colin Booth, presented Waco’s FY2025 first-quarter financial report on April 15, detailing revenues and encumbrances through Dec. 31, 2024.
The city’s managing director of finance, Colin Booth, presented Waco’s FY2025 first-quarter financial report on April 15, detailing revenues and encumbrances through Dec. 31, 2024, and asking council for feedback on report format.
Booth said the report benchmarks current performance against the same point in FY2024 and that some funds collect on different schedules than a straight quarter. "These numbers are through December 31 of, 2024," Booth said, noting his report covers the general fund and nine major funds and that the city recently closed out March and will return to a regular quarterly cadence.
Key takeaways Booth gave council: - General fund: budgeted at…
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