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Fernley treasurer reports steady cash balances but notes budgeted one‑time deficit
Summary
City Treasurer Robert Carson told council the city’s cash and investments are steady in the first quarter; the general fund sits near $19 million while the adopted budget includes a $4 million one‑time deficit and year‑to‑date figures show a small negative variance.
City Treasurer Robert Carson briefed the Fernley City Council on the city’s first three months of fiscal activity, saying cash and investments are holding steady and that early‑year revenue timing makes trend analysis premature.
Carson said the general fund balance is reported at nearly $19 million, the transient lodging tax (TLT) fund at about $1.5 million, the water enterprise fund at approximately $53 million and the sewer enterprise fund at roughly…
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