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Lewiston finance director reviews Nov./Dec. reports: reserves, workers’ comp and water grant highlighted
Summary
Finance Director Amy Gordon presented the financial reports for November and December, noting the city’s reliance on reserves, a drop in workers' compensation claims, a $670,000 grant for the water intake project, and that the police retirement fund remains fully funded at about $13 million.
Amy Gordon, Lewiston finance director, presented the financial reports for the month ended Nov. 30, 2024 and a quarter‑end report for Dec. 31 during the Jan. 27 city council meeting.
Gordon told council the city’s fiscal year runs Oct. 1 to Sept. 30 and reminded members that property tax revenue is received primarily in January and July, which causes pronounced jumps in revenue percentages on interim reports. She pointed to a general fund line item that records use of reserves when the adopted budget calls for…
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