Tucker finance director: early fiscal-year reports, new funds and upcoming amendment
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Summary
Finance Director reported July–August results, turnover of certain entries into audited months, activation of ClearGov financial transparency tools, creation of new departments (marshal service and fire prevention) in September, and said a budget amendment for capital change orders will be on the Oct. second meeting.
The City of Tucker's finance director briefed council on July and August financials on Sept. 22 and announced a few near-term administrative changes for the fiscal year.
The report covered revenue and expenditure summaries for the first two months of the fiscal year, noting that some audit entries shifted July revenue back into June and that certain revenue categories (franchise fees, excise taxes) post on different schedules so monthly numbers vary. The director said SPLOST receipts for the year-to-date were somewhat higher than budgeted and that ARPA currently appears on the list of major funds but will drop off as its balance is spent down.
Key administrative notes: beginning in September the city will recognize two new general-fund departments — a marshal service and fire-prevention — consistent with the uniform chart of accounts. The city also turned on its ClearGov financial-transparency portal for monthly revenues and expenditures; the capital-projects module will remain disabled until the city approves a five-year capital-improvement plan.
The finance director told council staff will return with a budget amendment at the second meeting in October to handle change orders expected for capital projects.
Council had no substantive questions during the presentation and thanked the director for the update.
