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Hopkinsville finance director reports stronger cash position in October
Summary
Finance presenter Melissa Quayton told council on Nov. 18 that October transfers totaled $7,500, payroll-tax revenue was above budget, and the city’s unassigned cash fund balance stood at 39.9% of the adjusted operating budget; council accepted the report and took no additional action.
Melissa Quayton, introduced by the presiding officer as the presenter for item 8, delivered the city’s monthly financial report for October and described several indicators of near‑term revenue strength.
“Three interfund transfers for the month of October. That total was $7,500,” Quayton said during her presentation, and she told the council total interfund transfers for the year were $30,004.15. Quayton also…
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