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Monmouth finance director reports modest net decline, $21.6M cash on hand and capital spending on park projects
Summary
Finance Director Susie Marston told the council the city's overall financial position decreased about 0.5% in Q1 (roughly $104,000), property taxes are 84% collected to date, capital expenditures were nearly $829,000 (with Monmouth Recreation Park accounting for a significant share), and cash on hand was about $21.6 million.
Monmouth, Ore. — Susie Marston, Monmouth's finance director, presented the city's first-quarter financial report for fiscal year 2024-25 on Nov. 19, reporting a small net decline in overall fund balances and steady progress on capital and operating measures.
Marston said the city's overall financial position decreased approximately one-half of one percent (about $104,000). The general fund's lower position mainly reflects timing:…
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