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Boerne reports FY2025 Q1 finances on track; equipment purchases come in under approved LOC
Summary
City staff told council revenues are tracking budget for the quarter ended Dec. 31, 2024. An equipment line of credit approved for $3,175,000 yielded actual equipment purchases of $2,740,703; the city extended the payment term on certain meters to 10 years to align with asset life.
The Boerne City Council on Feb. 11 received the first-quarter financial and investment report for fiscal year 2025, covering the period ended Dec. 31, 2024. Finance Director Sarah Buckalew told council that sales tax and ad valorem revenues are meeting budget expectations and that overall revenues and expenses across governmental and utility funds are in line with projections.
"I'm happy to report on, high level revenues are on…
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