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Finance director reports timing-driven variances; capital carryovers leave 2025 capital fund deficit on paper
Summary
Finance staff told Creve Coeur council that revenues are up year-over-year but sales-tax timing and capital-project carryovers produced a paper deficit for 2025; staff said the capital fund remains within budget once carryovers are considered.
Laurie Obermiller, director of finance, presented the city—s first-quarter financial analysis through Sept. 30, 2024, reporting a mix of timing-related variances and project carryovers that affected year-to-date comparisons.
Obermiller said general-fund revenues are about $233,000 above last year at the same point, while sales tax receipts appear down roughly $138,000—staff attributed much of that shortfall to timing (some large payers report with a lag) and said they expected October receipts to narrow the gap. Intergovernmental revenue rose by about $67,000 due to opioid-settlement distributions and license-and-permit revenue increased about…
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