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City reports Q1: 27% of general fund spent, $508,670 cross‑fund deficit; December spending freeze planned
Summary
City staff reported that at the end of quarter 1 the general fund had spent about 27% of its $9.47 million budget, flagged a combined $508,670 deficit across funds and announced a limited December spending freeze to preserve reserves while revenues post.
Speaker 3 presented the quarter‑1 financial snapshot, saying the city had spent approximately 27% of its general fund budget as of the end of the first quarter and that the citywide deficit across all funds was reported at negative $508,670. Speaker 3 described the deficit as largely a timing issue tied to expected incoming tax and fee revenues and said staff aim to cut the overall deficit by 50% as major revenues…
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