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Fargo reports $9M preliminary general-fund surplus; LAWA seeks executive director amid major regional water project
Summary
Finance staff presented preliminary year-end projections showing about $9 million in general-fund surplus driven by a land sale and charges for services. Separately, Lake Agassiz Water Authority (LAWA) staff circulated a job description for an executive director; Fargo comprises about 62% of the LAWA budget and commissioners discussed the $1.4 billion Red River Valley water-supply project.
Finance Director Susan presented preliminary year-end projections showing the general fund’s revenues exceed expenditures by about $9,000,000, noting the total reflected a recent land sale and developer fee receipts. She said auditors are still finalizing work and enterprise-fund numbers remain preliminary.
Why it matters: staff said the surplus and stronger-than-expected fee receipts will strengthen Fargo’s fund balance ahead of Moody's meetings related to future bond…
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