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Oak Harbor finance director reports stable midyear finances, flags transportation funding risks
Summary
Deputy City Administrator and Finance Director David Goldman told the City Council on Sept. 16 that Oak Harbor’s 2024 preliminary financial results were stable, with general fund revenues of $26.4 million and expenditures of $22.3 million, producing a higher fund balance heading into 2025.
Deputy City Administrator and Finance Director David Goldman presented the City of Oak Harbor’s 2024 preliminary (unaudited) financial results and revenue trends through mid-2025 at the Sept. 16 council meeting.
Goldman said 2024 total general fund revenues were $26,400,000 with expenditures of $22,300,000, producing an increase in fund balance of about $4,100,000 and bringing the general fund balance to roughly…
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