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CFO: Tampa’s preliminary year‑end books show tight variances, $10M net surplus and GASB accounting effects
Summary
Chief Financial Officer Dennis Rejero told the council the city's unaudited combined general funds show roughly $10.7 million in favorable variance overall but flagged a $30.8 million GASB accounting adjustment that inflates both revenues and expenditures; council members pressed for line‑item detail and follow‑up on hurricane and settlement reimbursements.
Dennis Rejero, the city’s chief financial officer, presented the city’s preliminary, unaudited year‑end financial results and told council the combined general funds show about a $10.7 million net variance between revenue and expenditures. Rejero emphasized the figures are unaudited and that an accounting reclassification under GASB 96 artificially increases both revenues and expenses by…
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