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Comptroller: general fund revenues down $1.5M, cash down about $6M as ARPA spending winds down
Summary
Comptroller Robinson reported that compared with Q3 2023, general fund revenues are down about $1.5 million, expenses are down about $4 million, and the city's cash position is down roughly $6 million, largely because ARPA funds are being spent down and some capital receipts are timing‑sensitive.
Comptroller Robinson compared third‑quarter 2023 results to third‑quarter 2024 and told council that general fund revenues were about $1.5 million lower year‑over‑year while expenses were down roughly $4 million. He attributed much of the change to spending down ARPA and timing differences in capital and bond proceeds;…
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