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Council receives quarterly financial and investment reports and adopts investment policy
Summary
Finance staff reported Q1 financials and an investment portfolio overview; the council approved the annual investment‑policy resolution as required by the Public Funds Investment Act.
Town finance staff presented Sunnyvale’s quarterly financial report for the period ending Dec. 31, 2024, and a separate investment‑portfolio report before the council approved the town’s annual investment policy as required under Texas law.
Finance presenter Mikaela reviewed preliminary year‑to‑date numbers: general‑fund revenue was about $5.7 million through Dec. 31 and the town had collected roughly 36% of budgeted revenue despite being 25% through the fiscal year, a timing pattern driven largely by property‑tax receipts received in late December/early January. Sales tax…
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