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Canton reports $50.8 million in cash and investments; general fund near budget in July
Summary
Finance staff reported $50.8 million in total cash and investments and that the general fund stood at about $7.5 million (roughly $1.1 million down month-over-month). Year-to-date general-fund revenues are at about 98% of budget; staff noted timing variances related to capital projects in enterprise funds.
Canton 94 City finance staff presented the July monthly financial report, reporting total cash and investments of $50,800,000 and noting the city remains near its budgeted targets for the fiscal year.
Mr. Luckett told council the general fund balance was about $7,500,000, down…
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