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Finance director reports $27.3M projected general fund balance and $211.8M investment portfolio; council hears FY25 fourth-quarter review
Summary
Galveston’s finance director told the council that the city’s portfolio was $211.8 million at 12/31/2025 and projected an FY25 general fund balance of $27.3 million, noting most of the increase reflected one-time receipts and that hotel-occupancy tax collections lagged budget.
The Galveston City Council received a pair of finance presentations Feb. 26 in which Finance Director Chilo Ladonye reported a portfolio market value of $211,800,000 for the quarter ended Dec. 31, 2025, and a projected FY25 general fund ending balance of $27,300,000.
Ladonye told council that about $28,000,000 of the portfolio was in overnight (liquid) funds and that the city saw approximately a $9,000,000 increase in portfolio market value from the prior quarter, driven in part by…
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