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Hopkinsville finance staff reports October numbers; unassigned cash about 39.9% of operating budget
Summary
City finance staff presented October results showing $7,500 in October interfund transfers ($30,004.15 year-to-date), payroll tax receipts above budget, property tax collections at about 82.2% of budget and an unassigned cash fund balance of roughly 39.9% of the adjusted operating budget.
Miss Melissa Quayton, identified in the meeting as the finance presenter, gave the city's October monthly financial report during the Nov. 18, 2025, City Council meeting.
Quayton reported $7,500 in interfund transfers for October and $30,004.15 in total interfund transfers year to date, leaving a remaining interfund balance of $69,005.85. She said payroll tax revenue for October came in above budget and noted a reported 6.51% increase in equivalent payroll compared with the prior period. Property tax collections were reported at about 82.2% of the budgeted amount for the year. Quayton also said the city's unassigned cash fund balance was approximately 39.9% of the adjusted operating budget.
Quayton cautioned that some line-item figures can fluctuate quarter to quarter (she noted insurance premium tax is commonly paid quarterly) and invited council questions at the conclusion of her presentation.
Transcript inconsistency: the meeting transcript refers to the presenter as "Miss Melissa Quayton" at the start of the agenda item and later to "Miss Clayton." The presenter is identified at the start of the item as Melissa Quayton; the transcript later includes a different rendering of the surname. The council did not request further written clarifications during the meeting; finance staff said they would answer questions as needed.
