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Cotati reviews third-quarter finances; staff flags reserve and revenue timing concerns
Summary
City staff told the council general fund revenues are tracking at about 63% of budget through Q3 and reported roughly $5.36 million in general-fund reserves; staff flagged a cannabis business closure that removes about $30,000 per quarter and urged continued monitoring of cash coverage and one-time capital transfers.
Cotati City officials received a third-quarter financial briefing showing overall revenues and expenditures roughly in line with expectations but with several indicators staff want tracked more closely. Angela Quarter, director of administrative services, told the council that as of March 31 general fund operating revenues are at about 63% of the annual budget and cumulative operating expenditures are up approximately 3% year-over-year.
Quarterly highlights included reserve reporting and three resilience flags staff added to this presentation. Quarter-end reserves in the general fund were…
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