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Euless presents pre‑audit Q1 FY2025 financials; operating fund balance falls to $113 million
Summary
At its Jan. 28 meeting the Euless City Council received a quarterly financial report showing a decrease in operating fund balance from $119 million to $113 million for the first quarter of fiscal year 2025; capital funds rose due to transfers into project cash flow.
City staff presented the City of Euless’s pre‑audit financial report for the quarter ending Dec. 31, 2024 (first quarter of fiscal year 2025) at the Jan. 28 council meeting.
Finance staff member Miss Jewell told the council that overall operating fund balance decreased from $119,000,000 to $113,000,000 for Q1. The presentation said the city performed most of its annual one‑time transfers at the start of the fiscal year; those transfers increased capital funds from over $65,000,000 at the start of…
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