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Monthly finance briefing: Far West reports solid reserves, permit revenue and interest income
Summary
Finance staff told the council that general and enterprise funds are in good condition, with strong permit and interest income offsetting flat sales-tax growth; the sanitation fund warrants monitoring despite recent gains.
City finance staff presented monthly and quarterly financial statements to the Far West City Council on Jan. 16, noting generally healthy balances across funds and rising permit revenue.
Finance director Cody summarized cash positions: general-fund unrestricted cash near $1.7 million, capital-projects cash around $4.2–4.7 million and specific restricted balances for impact…
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