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Finance Board flags November shortfall, asks staff for clearer fund-balance visuals ahead of FY27 budget
Summary
The Finance Board reviewed October–November financials showing a November year-to-date shortfall of about $569,519; staff said property-tax timing should reverse the deficit and board members requested month-by-month fund-balance graphs and red/yellow/green variance summaries before FY27 budget work begins.
City finance staff presented the October and November month-end financial reports and the board drilled into fund-balance timing and reporting clarity.
"You will see that we have a negative $569,519 delta of the total resources and total expenditures," the board chair said, highlighting the November year-to-date shortfall. Jay, the city finance presenter, told the board that early-year deficits are common because property taxes — roughly 60% of general-fund revenue — post later in the fiscal year, and he expected…
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