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Finance director reports steady revenues, flags fire overtime as item to watch
Summary
Finance Director Kelly Cochran told the council the city’s second-quarter results show business-license and investment revenues above target, most departments within expected ranges, and continued monitoring of fire overtime costs; staff noted strong capital fund investment earnings and seasonal utility revenue timing.
At the Aug. 5 meeting the Redmond City Council received the city's second-quarter financial report for the 2023–24 biennium from Finance Director Kelly Cochran.
Cochran said overall results contained "no surprises" and that business-license receipts and other revenues, driven in part by higher investment earnings, are trending above targets. She…
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