Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Mobile City reports $11.1M March loss, officials point to budgeted transfers; year-to-date net income $32.8M
Summary
City finance staff told the Mobile City Council that March showed a net loss of $11.1 million — largely driven by budgeted transfers including a $6.7 million transfer to the police and fire pension — while year-to-date net income stood at $32.8 million. Council members pressed for monthly budget columns and greater clarity on timing for transit-related revenue.
The Mobile City Council heard a detailed finance report for the month ending March 31 that showed a net loss of $11,100,000 for March but a year-to-date net income of $32,800,000.
The finance presenter said total fund balance stood at $173,200,000 and the general fund operating balance at $108,700,000. Sales tax receipts for March were reported at $21,200,000, up from $19,500,000 in the same month last year. The presenter noted transfers — including a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
