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City finance director reports February net loss tied to riverfront capital transfer; year-to-date net income remains
Mobile City Council · April 1, 2026
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Summary
The finance presenter reported a $3.4 million net loss for February driven mainly by transfers to capital for the Mobile Riverfront project, a fund balance of $184.2 million and year-to-date net income approaching $44 million.
The city’s finance presenter reported to the Mobile City Council that for the month ending Feb. 28, 2026, the city recorded a net loss of $3,400,000, driven largely by a transfer of funds to capital for the Mobile Riverfront project. The presenter said the city’s fund balance stood at $184,200,000 and the…
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