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Middleton presents first-quarter FY25 budget snapshots; property tax payment expected to restore balances
Summary
At the Feb. 19 council meeting, Miss Miles reported first-quarter fiscal-year 2025 revenues and expenditures across funds, noting interim deficits in several funds before the city's property tax distribution arrived Jan. 24 for $1.8 million.
At the Middleton City Council meeting on Feb. 19, 2025, a city staff member identified as Miss Miles presented the city's first-quarter financial report for fiscal year 2025, which covers the period ending Dec. 31, 2024 (25% of the budget year).
Miles reported that the general fund had received $839,942 in revenue and incurred $1,161,811 in expenses, producing a negative variance of $321,869 at the quarter. The transportation fund had received $385,104…
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