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Treasurer reports general fund at healthy levels; revenues and expenditures on track
Summary
City Treasurer Michelle Ferguson told commissioners the general fund balance is approximately 20% (policy target 15%), tax collections are near 90% of levied amounts and year‑to‑date revenues are about 43% of budget with expenditures at roughly 35%; staff said projects may carry into next year but no surprises are expected.
City Treasurer Michelle Ferguson presented the city’s general fund status during the study session.
Ferguson said the fund balance is around 20 percent of policy (the policy target is 15 percent). She reported tax collections at about 90 percent of levied amounts as of November 30. Revenues…
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