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Finance committee files Sept. 30 quarterly report, forwards investment policy changes to council
Summary
At its Oct. 30 meeting the Finance Review Committee filed the quarter-ending Sept. 30 financial report showing revenue up roughly $770,000 year-over-year, approved forwarding an update to the city—s investment policy to City Council to allow investment in a JPA pool, and approved minutes from Sept. 12 (4-0).
The Finance Review Committee voted Oct. 30 to file the quarter-ending Sept. 30, 2023 financial report and to forward recommended changes to the city—s investment policy to City Council.
Finance staff presented the quarterly report, saying, "Revenue is up $770,000 from the same period last year," and that expenditures were also higher—about $566,000—driven by professional services and completion of major projects. Staff said the city had transferred excess fund balance into its community…
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