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Raytown finance director reports strong investment income, ARPA plans and a $60,000 workers' compensation budget amendment
Summary
At its June 18 meeting Raytowns finance director presented the FY2024 midyear report showing strong investment income, property tax collections at about 85% and ARPA project plans; the board approved a $60,000 workers' compensation budget amendment unanimously.
Michael Graham, Raytown's finance director, presented the city's FY2024 midyear (six‑month) financial report on June 18, reporting that property taxes are roughly 85% collected to date, the General Fund is at about 58% of expected receipts, and investment income across several funds is running well above prior expectations.
Graham said investment yields are higher than anticipated and several fund types show investment income in the 80%+ range year to date; he noted capital projects are only beginning and that grant revenue was low (about 1%) because…
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