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Brookshire finance staff report revenue shortfall and multi-year audit backlog; $48,000 reimbursement at risk
Summary
Finance staff reported Nov. 6 that year-to-date actual revenues totaled about $10.7 million versus roughly $15 million reflected in prior budget documents and that multi-year audit delays are holding up grant reimbursements.
City finance staff told the Brookshire City Council on Nov. 6 that actual year-to-date revenue is materially lower than the figure used in prior budget documents and that outstanding audits are preventing grant reconciliation.
Finance staff reported a year-to-date actual revenue figure of about $10.7 million compared with roughly $15 million cited in the previous…
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