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Finance director: fairgrounds operating revenues below expenses year-to-date; council investment noted
Summary
Finance staff reported preliminary July 2025 financials showing about $152,200 earned and $189,300 spent year-to-date, a variance of roughly $37,100; the annualized budget projects $4.6 million in revenue (including a $989,600 council investment) against $5.0 million in expenses.
The fairgrounds finance director presented preliminary July 2025 financial results and an annualized budget showing an expected shortfall that is partly offset by an approved council investment.
Finance director Latrice told the board: "As of July 2025, we have earned about a $152,200. We have spent around a $189,300. The difference is approximately $37,100. Depreciation expense is about a $114,000. So the total adjusted variance for depreciation is about a 151,000." She…
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