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Council hears FY2025 quarter results; Oktoberfest net falls under $500,000 investment goal
Summary
CFO Stephen Glickman reported general fund revenue slightly exceeded budget and expenditures were under budget; Abby Morales said Oktoberfest neted just under $500,000 (including added marketing) and attendance rose sharply, while sponsorships trended down because a major partner pulled out at the last minute.
The council received the town's FY2025 fourth quarter financial report and a summary of Oktoberfest financials.
Stephen Glickman, chief financial officer, said the general fund brought in about 104% of budgeted revenue (driven by sales tax) and spent about 98% of budget, producing an estimated $3 million revenue over expenses; staff estimated…
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