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Officials review FY2023 school true‑up, audit status and FY2024 revenue outlook
Summary
Staff summarized a FY2023 reconciliation showing a true‑up owed to the schools and provided a FY2024 revenue status report, noting differences between budgeted and final numbers, timing lags in sales and lodging tax collections, and ongoing reconciliation work tied to a finance system conversion that is delaying the audit.
City and school officials reviewed the FY2023 school transfer reconciliation and a preliminary FY2024 revenue update. Staff said the final FY2023 numbers differ from earlier budget estimates and that a residual true‑up payment to the schools remains pending; staff described components of school revenue (real estate, personal property, the 1¢ meals tax and a courthouse‑related revenue piece) and outlined how those flows translated to the final…
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