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Board hears FY2025 forecast and approves finance committee recommendations, bond resolution and routine measures
Manchester Board Mayor & Aldermen · December 17, 2024
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Summary
Finance director reported a $32,000 projected FY2025 operating surplus driven by revenue gains and police overtime pressures; the finance committee recommended small CIP action, and the board approved a bond resolution and multiple routine resolutions by voice votes.
Director Wiggins presented the city's FY2025 general fund forecast as of Dec. 17, 2024, reporting a projected operating surplus of $32,000 composed of an expenditure deficit of $608,000 largely tied to police overtime and a revenue surplus of $640,000. Wiggins noted 16 police officer vacancies and severance paid…
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