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Finance director posts FY2025 records as lenders press council for deeper cuts
Summary
Finance Director Worth Ferguson told the La Marque City Council that staff published comprehensive fiscal documents for FY2025 and created a public tracking sheet for reconciliations and audit responses. Lenders reviewing a proposed tax-secured loan told staff they need to see additional cuts and revenue sources before advancing financing.
La Marque — Finance Director Worth Ferguson told the City Council on Oct. 27 that the city has posted a first batch of FY2025 financial documents — including a trial balance, balance sheet, journal entries through August, department-level budget-to-actual reports and check registers — and has published a public tracking spreadsheet that lists outstanding reconciliations and audit recommendations.
“The first of those is actually reconciling our audit to what is in the system for the end of the last fiscal year,” Ferguson said, outlining the priorities on the new tracker. He said the city will add prior-year audit findings and implementation timelines so residents…
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