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Council reviews December 2024 financial report and first-quarter investment summary
Summary
City staff presented the December 2024 financial report and the quarterly investment report; staff described revenue and expenditure percentages across major funds and noted capital projects and timing differences for tax and debt-service receipts.
City finance staff presented Balch Springs December 2024 financial report and first-quarter investment report at the Feb. 10 council meeting, outlining fund-by-fund collections and timing differences that affect the year-to-date budget comparison.
Interim staff described the general fund as 31% collected in revenues with expenditures at about 20% as of Dec. 31, 2024. The utility fund is showing about 28% of budgeted revenues collected and…
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