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Rock Island finance staff reports modest 2024 surplus, mixed first-quarter 2025 revenues
Summary
Finance staff told the city council the 2024 audit review shows a small surplus of just over $1,000,000 driven mainly by unfilled positions; first-quarter 2025 revenue lagged benchmarks in several funds while ARPA spending remains low so far.
Jessica, a finance department staffer, told the Rock Island City Council at its study session that auditors reviewing the city’s 2024 books have given no reason to doubt an expected surplus of “just over $1,000,000,” which she said resulted largely from positions left unfilled across departments.
The presentation then moved to first-quarter 2025 results. Jessica said the benchmark for both revenues and expenditures is 25 percent for the quarter. She…
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