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Finance staff project $67.5M favorable general‑fund variance; cautions on VAB and group‑health fund use
Summary
Kim Taylor, council auditor, told the Finance Committee the administration projects a $67.5 million favorable general‑fund variance as of June 30, mostly from a $36 million solid‑waste loan repayment, but warned VAB adjustments and post‑close audit entries could reduce that benefit.
Kim Taylor, the council auditor, reviewed the quarterly summary for the general fund and city funds at the Finance Committee meeting. She said the administration projects a $67.5 million favorable variance as of June 30, 2025, driven largely by a $36 million loan repayment related to the solid‑waste fee and some debt‑service savings. Taylor cautioned, however, that certified VAB (value‑adjustment board) numbers could change that favorable projection:…
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