Fair Oaks Ranch reports stronger-than-expected preliminary year-end finances; audit ongoing
Finance Director Summer Fleming reported preliminary unaudited FY 2023-24 results showing general fund revenues of $11.5 million (about $850,000 over budget), a projected $1.03 million surplus and a projected ending fund balance of $7.65 million; the annual audit remains in progress with final reports due in March.
The full story
Finance Director Summer Fleming presented the city's preliminary, unaudited year-end financial results and the quarterly investment update, noting the audit remains ongoing but she did not anticipate substantial changes.
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