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Cutler Bay reports a budget surplus for nine months ended June 30, 2024; some departments face one‑time overruns
Summary
Finance Director reported a preliminary $3.58 million surplus for the nine months ended June 30, 2024 and a preliminary full‑year surplus near $2.1 million, offset by elevated legal fees, sidewalk and other project costs.
Finance Director Robert Daddario presented the town’s third quarter financial report (nine months ended June 30, 2024) to the council on March 19, reporting a preliminary operating surplus driven by stronger‑than‑expected revenues and slower realization of some expenses.
Daddario said the town showed a budget surplus of about $3.58 million for the nine‑month reporting period, and a preliminary audited full‑year surplus just under $2.1 million. He attributed the surplus primarily to stronger…
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