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Cotati staff report midyear finances: revenues on track, small adjustments proposed
Summary
Finance staff told council midyear revenues and expenditures are broadly on target through Dec. 31; staff proposed modest adjustments including a $92,000 reduction in sales-tax expectations and targeted increases to investment-earning projections.
Finance staff presented the midyear budget-to-actuals report covering activity through Dec. 31 and recommended limited adjustments to align revenue estimates and expenditures.
The Finance Director said citywide revenues were approximately 48% of budget and expenditures about 46% at midyear, with the general fund operating revenues at about 41.3% of budget through midyear. Staff attributed shortfalls in part to timing differences—especially sales taxes that arrive months after the activity—and…
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