Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City posts preliminary FY 2024-25 year-end results; general fund to add ~$964,000 to fund balance
Summary
Finance Director Summer Fleming presented preliminary FY 2024-25 results on Nov. 6: general fund revenues totaled about $11.36 million (approximately $313,000 above budget) and the city expects to add about $964,000 to general fund balance.
Finance Director Summer Fleming presented preliminary year-end financial results for fiscal year 2024-25 at the Nov. 6 council meeting, describing revenue and expenditure outcomes, fund balances and next steps for the audit and annual financial reporting.
Fleming reported general fund revenues of approximately $11.36 million, $313,000 above budget. Primary favorable variances included property tax, sales tax and investment earnings; court fines and fees were below budget by about $85,000. Overall general fund operating expenditures were approximately $10.5 million (including encumbrances),…
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
