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Findlay finance staff reports tighter-than-expected year-to-date finances; departments projected to return $4M
Summary
City finance staff reported year-to-date interest revenue and projected departmental turnbacks of roughly $4 million, leaving an anticipated near-$1 million deficit after a $5 million appropriation; fire equipment damage also increased expenses.
Findlay City finance staff provided a year-to-date and third-quarter financial update during the finance committee meeting on Nov. 18, reporting higher-than-budget interest revenue year-to-date but an overall projection that will leave the city with a modest deficit after planned appropriations.
Speaker 1 reported that the original budget for interest earnings was shown in the transcript as "$899,009.80" and that year-to-date interest through…
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