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Seguin posts revenues above budget, builds reserves; grants portfolio tops $52 million
Summary
City finance staff reported preliminary, pre‑audit results showing general fund revenues at 106% of budget and expenditures at 88.4%, leaving about $9.4 million more than expected; sales tax and grant receipts were both higher than forecast, and the city reported roughly $52 million in active grants, including about $38 million tied to GLO projects.
City finance staff presented a year‑end (September 30, 2024) financial report showing revenues outpacing the adopted budget and departmental spending below projections. Susan (city finance presenter) said general fund revenues finished at 106% of budget while expenditures were 88.4% of budget, leaving the city about $9.4 million ahead of its projected year‑end balance before audit adjustments.
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