Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City releases first-quarter financial report; reserves at 6.4% versus 25% target
Summary
Albany—s deputy city manager and finance director presented the first-quarter financial report to council on Nov. 5, saying staff designed the update to be more accessible and to show how money supports city services.
Albany—s deputy city manager and finance director presented the first-quarter financial report to council on Nov. 5, saying staff designed the update to be more accessible and to show how money supports city services.
Deputy City Manager Jen Ambuhel and Finance Director Gina Yeager said the apparent revenue spike this biennium results largely from accounting corrections posted in period 13 of the previous biennium; as the current fiscal year progresses, the officials said, the period-to-period figures should align more closely. Yeager told council that overall funds are performing as expected, though capital project timing and personnel costs…
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
