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McGregor finance director reports November shortfall in general fund, improved utility cash flow
Summary
Finance presenter Lee told the council the general fund’s net cash flow was $233,200 lower than the previous year (revenue down $52,000; expenditures up $180,000), citing timing and a $299,800 payment to the Waco Industrial Foundation; utility fund cash flow improved, driven by higher water use.
The McGregor City Council received its regular financial briefing for November on Jan. 13, when finance presenter Lee walked the council through fund-by-fund performance and timing differences.
Lee said November represents 16.67% of the fiscal year and reported that the general fund’s net cash flow was $233,200 lower than in the same period the prior year. Lee attributed that change to a $52,000 decline in revenue (primarily ad valorem tax receipts) and an increase in expenditures of about $180,000, including a scheduled payment to the Waco Industrial Foundation of $299,800.
"The general fund's net cash flow is $233,200 lower than the previous year," Lee said, adding that timing differences and allocations (lease revenue timing, capital purchases) explain much of the variation.
Lee reported the utility fund showed improved net cash flow — revenue up and expenditures down overall — driven in part by higher water use and an insurance receipt of about $104,300. Lee characterized many large swings in other funds (exchange, airport) as timing differences in purchases and payments.
Several numerical entries in the transcript appeared garbled or inconsistent (notably some large figures in the exchange/airport sections); where numbers were unclear staff noted timing or allocation differences and said they would follow up if council members wanted more detail. Lee invited council members to request additional breakdowns or clarifications and to contact finance staff for packet details.
What this means The reported decline in general fund net cash flow signals a near-term tightening relative to the same period last year but, per staff, much of the difference ties to timing of receipts and payments rather than a structural shortfall. The utility fund’s improved cash flow was attributed to increased water use and reduced contracted services in the period under review.
What’s next Council was offered the opportunity to request deeper analysis; staff and the finance director will provide further breakdowns on any items council members ask to be clarified. The meeting later recessed to closed session for economic development negotiations.
