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Council hears finance report: $620,000 IRS payment cited for year-over-year cash decline
Alexander City Council · November 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Council finance staff said the city's bank balance is about $600,000 lower than a year ago, largely because of a $620,000 IRS payment; department spending rates were reported at roughly 90–92 percent of budget.
Alexander City councilors on Nov. 6 were told the city’s cash position is roughly $600,000 lower than at the same point last year, a shortfall officials said is primarily explained by a required $620,000 IRS payment.
“Something that Romy said that we have to pay our IRS payment…
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