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Finance advances budget amendment and reports stronger February sales-tax receipts; new finance director introduced
Summary
Finance presented budget amendment number 10 to reallocate existing department funds, reported a 5.9% year-over-year rise in local sales tax for February and an 11.3% drop in occupancy tax, noted a CD maturing March 15 with reinvestment options to be recommended Tuesday, and introduced Natalia Burton as the incoming finance director.
Finance Director Kevin Owens outlined budget amendment number 10 and other financial updates at the March 5 work session, asking the board to move budget and investment decisions to the regular meeting for formal action.
Budget amendment #10 includes several internal reallocations: a $3,100 donation shifted into police supplies, moving funds to…
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