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Snyder Chamber audit presented; city financial report shows November deficit offset by lagged sales tax receipts
Summary
Ricky Bowman presented the Snyder Chamber of Commerce audit, explaining separation of hotel/motel funds from chamber operations; council also reviewed November financials showing $1.7 million in revenues and $2.2 million in expenditures (a $535,506 deficit), and approved the monthly financial report while staff noted sales-tax receipts delayed by two months should cover the shortfall when posted.
Ricky Bowman presented the Snyder Chamber of Commerce audit and told the council the chamber has separated hotel/motel funds from its general operating fund to clarify which receipts are fiduciary (hotel/motel) versus chamber operating revenues.
“We split it out even further, the…
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