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CFO: revenue collections largely flat; plan to replenish contingency reserve in January
Summary
City CFO reported mostly flat revenue collections year to date, noted some line-item variances (electric up, lodging down in August), and said the city plans to top off a contingency reserve in January after finalizing unassigned fund-balance numbers.
Donna Witt, the city's chief financial officer, told council that overall revenue collections are essentially flat compared with budgeted projections and that staff will reassess unassigned fund balance figures and top off a previously authorized contingency allocation later in the fiscal year.
Witt cited small variances across categories: sales tax was effectively on budget (the presentation…
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