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Finance committee: revenues ahead of schedule; roads and equipment spending highlighted
Summary
Finance staff reported Woodland Hills has collected a larger share of revenues than expected so far this fiscal year, with lower-than-expected road spending and several capital purchases and potential budget shifts discussed, including a recently acquired service truck and a possible reallocation for a snow-plow attachment.
Woodland Hills finance staff summarized the city’s finances and flagged a handful of capital decisions the committee will consider as it prepares next year’s budget.
Chris (finance staff member) told the committee that “58.33% of the year has passed. We’ve collected about 68% of our revenues,” and that, overall, expenditures remained lower than forecast because road work had not yet been performed. He said, “As far as expenses, we’re pretty much down the line.”
The report outlined several specific items. Roads show only 21% spending to date, while parks are “right on track,” and the road program budget remains the…
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