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Council approves Bay City quarterly financial and investment report; staff projects reserves above policy
Summary
Council approved the city’s quarter-ending June 30, 2025 financial and investment report after a presentation showing general- and enterprise-fund reserves above policy and higher investment earnings compared with the prior year.
The Bay City Council approved the city’s quarterly financial and investment report for the period ending June 30, 2025, after a presentation by finance staff on revenue, expenditures and investment performance.
Jennifer Leverett, the city’s finance staff member who presented the report, told council that the general fund revenues through the quarter totaled about $15.8 million, or 83% of budget, with property tax collections at about $5.3 million (96.78% of the property tax budget). She said sales tax receipts…
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