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Finance director flags $18 million Pioneer underbilling; council reviews enterprise fund statements
Summary
City finance staff presented general and enterprise fund statements showing higher revenues and planned fund‑balance growth and reported an approximate $18 million underbilling claim against Pioneer; Pioneer disputes the figure and legal counsel is engaged.
Kayla, presenting the city's financial statements at the Nov. 11 workshop, said general fund revenues were at 114% of the original budget while expenditures were at about 77%, and she projected a general fund balance increase of about $21.2 million.
On the enterprise side, Kayla said she adjusted how capital projects were displayed after discovering $16,100,000 in CIP expenditures had been mixed into operations. She said, based on contract review and advice from city…
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