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Atwater finance committee hears sales‑tax dip; finance director explains end‑of‑year 'true up'
Summary
The Atwater City Finance Committee reviewed the unaudited treasurer's report for the month ending March 31, 2026, and heard Finance Director Anna report that Q4 2025 cash receipts were down 9.2% while total local business activity fell 2.1%; staff said year‑end transfers and grant drawdowns explain temporary negative balances.
The Atwater City Finance Committee met at 5:00 p.m. and approved routine items, then reviewed the unaudited treasurer's report for the month ending March 31, 2026, and received a finance director update on sales‑tax activity, the FY25 audit and the FY27 budget schedule.
Finance Director Anna told the committee that the fourth quarter 2025 cash receipts reported to the city showed a 9.2% decline, while total local business activity fell 2.1% (California overall down 4.6%). "The cash receipts up above showing negative 9.2%," she said, and added that those cash receipts reflect timing and remitter behavior rather than a…
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