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Cedar Park reports first-quarter FY25 revenues exceed budget; expenses on track
Summary
City budget staff told the board that first-quarter FY25 revenues were $8.9 million with sales tax contributing about $8.6 million; revenues are trending above budget while routine expense transfers left several line items at 100% early in the year.
Paul Diaz, a budget office staff member, told the Cedar Park board that the city’s first-quarter financial position for fiscal year 2025 showed revenues of $8,900,000 and budgeted expenses of $7,600,000.
“At a high level, here's your type a budget. Revenues are $8,900,000. Of that, $8.6 million is sales tax. Expenses are budgeted at $7,600,000,” Diaz said. He reported sales-tax receipts were up 8.8%…
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