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Waco Finance Director: General fund on track; sales tax projections rising after one-time adjustment
Summary
City finance staff told council the general fund is tracking to plan (revenues ~32% of budget) with an estimated year-end balance above reserve targets; sales tax projections rose after adjusting for a February audit correction, but staff flagged below-budget interest revenue and asked for continued monitoring of enterprise fund variances.
Colin Booth, Managing Director of Finance, presented the City of Waco’s fiscal year 2026 first‑quarter financial report (period Oct. 1–Dec. 31, 2025) to the City Council on Feb. 17.
Booth said year‑to‑date general fund revenues are at 32% of budget and that combined actual expenditures and encumbrances are at 31% of budget (about 29% when encumbrances are removed). He gave an estimated general fund ending balance of $58,795,000 and noted that…
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