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Finance staff outlines August shortfall, IRS 1099 cleanup and ARPA encumbrances

North College Hill City Council · October 14, 2025

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Summary

Finance staff reported a month-to-date August deficit driven by timing and unanticipated vendor invoices, described an IRS/1099 issue reduced from a potential ~$300,000 exposure to $26,698.97 after vendor follow‑up, and reviewed ARPA encumbrances and recommended PO/appropriation controls ahead of 2026 budgeting.

Finance staff presented the August 2025 month‑to‑date bank and reconciliation report and highlighted several items that will shape year‑end financial planning.

Key figures presented: month revenues of $729,916.58 and expenditures of $780,621.36, producing a negative net of $50,704.78 for August; an outstanding check…

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