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Council hears monthly finance report; general fund posts small favorable variance
Summary
City staff reported a $69,006.20 net favorable variance in the general fund for the period ending in September, with revenues slightly above expectations and expenditures below projections. Council also received a quarterly investment report noting short‑term laddering for liquidity and longer‑term instruments locking in higher yields.
Olivette city staff told the council on Oct. 28 that general fund revenues were above expectations and expenditures below projections for the reporting period, producing a net favorable variance of $69,006.20.
During the monthly financial presentation staff said general fund revenues were ahead by approximately $21,000 and that expenditures were below projections by about $4,048,500, producing the stated net favorable variance.…
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