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Finance and Measure I oversight committee reports early cash-flow concerns, plans town-hall on April meeting
Summary
The finance and Measure I oversight committee presented findings that about 54% of FY expenses occur in the first six months while only 27% of revenue is received in that period; the committee recommended building reserves, addressing deferred maintenance and hosting a town hall in April to gather input on spending priorities.
Members of the newly formed Finance and Measure I oversight committee presented the committee’s first quarterly report to the Willows City Council on Feb. 25, highlighting near-term cash-flow timing concerns and plans for public engagement.
The committee reported the city’s $5.8 million budget typically receives about 27% of its revenue in the first half of the fiscal year…
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