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Finance officer reports utility revenue lag, council warned on fund transfers
City of Bowie, Texas City Council · May 14, 2024
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Summary
City finance staff reported utilities revenue below projections, driving concerns about transferring funds to the general fund; council discussed use of fund balance and upcoming budget work as staff prepare for the next fiscal year.
Pamela, who presented the financial statements to the Bowie City Council, told members the utility funds are showing revenue at roughly 46% for the fiscal period discussed and that electric revenue is behind projections (about 43.8% of budgeted revenue) while expenditures run higher. She said the general…
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