Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City reports positive February budget variance after $1.38M FEMA reimbursement; council delays allocation decision
Summary
Finance director reported a positive overall budget variance, largely due to a $1,380,000 FEMA reimbursement for winter-storm expenses; council took no immediate action and asked for capital-improvement program context before allocating the funds.
Finance Director Erin Daigle presented the city’s monthly financial report at the Feb. 18 meeting, saying Lakeway is tracking close to budget with an overall positive variance driven largely by a FEMA reimbursement.
Daigle said the city budgeted $10,490,000 in revenues and, after recording a $1,380,000 FEMA reimbursement that was not included in the original budget, the adjusted numbers showed an overall positive variance of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
