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Finance officer reports revenues down $1.1M; retirement payouts and contingency highlighted
Summary
Finance Officer Sharon Wickens told the committee the city's unaudited results for the first five months of FY25 show revenues about $1.1 million below last year, retirement payouts roughly $720,665, contingency at $200,000, and mixed department-level performance; the committee accepted the report.
Sharon Wickens, the city's finance officer, presented the unaudited financial report for the first five months of fiscal year 2025 and told the committee she did not see any glaring problems but noted several variances year over year.
"The average unobligated balance percentage after 5 months should be 58.33 as a…
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