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New CFO presents first-quarter financials; commissioners request budget 101 workshop and consultant breakdown
Summary
The city’s chief financial officer presented the first-quarter report (actuals through Dec. 31, 2024), showing revenues ahead of expenditures and nearly $31 million collected; commissioners asked for a public budget 101 workshop, a breakdown of consulting costs and details on unassigned fund balance once the audit closes.
Chief Financial Officer (CFO) presented the City of North Miami Beach’s first-quarter financial report, comparing actuals through Dec. 31, 2024 to the adopted FY2025 budget. The CFO said the city had collected approximately $31 million and spent about $20 million through the first quarter, producing a net favorable variance in early-year actuals. Much of the revenue was property-tax driven and many planned capital expenditures have…
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