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Manvel reports $10.8K fund balance at midyear; staff urges caution while awaiting county tax roll
Summary
City finance staff told council on May 4 that property tax revenue is ahead of projections while some revenues lag; the city reported a March 31 fund balance listed as 10,792 and 224 days of operating reserves, and staff recommended waiting for county appraisal numbers before any midyear budget adjustments.
City finance staff told the Manvel City Council on May 4 that overall revenues are trending within expectations but that several categories lag and midyear adjustments should wait for county appraisal data.
"Property tax... has been collected versus the budget at 103%," finance presenter Rosie told council during the midyear fiscal review. Rosie said sales tax collections lag two months and…
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