Consultant projects $2.9 million year-to-date net income in Homewood general fund through August

Carrigs & Ingram presented a year-to-date general fund income statement and a consolidated bank-balance report for Homewood through Aug. 31 during the Nov. 10 pre-council meeting.

“We're projecting right now to have about a $2,900,000 net income in the general fund through August,” Jason Harp of Carrigs & Ingram told the committee while noting the fiscal year is not closed and September receipts will be added to the next report.

The packet included budget-to-actual information and a listing of the city’s bank accounts and balances; Harp said the exported report contains some older zero-balance accounts but provides an overview of total cash across funds. The acting finance director (mister Seagrest) was identified as the staff contact for follow-up questions.

Councilors treated the presentation as informational; no formal acceptance vote was required. Staff indicated the report will be placed on the consent agenda at the full council meeting for routine acknowledgement. Members asked that future packets be reviewed and that any questions be directed to the acting finance director before the next meeting.