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Finance director reports February revenues, highlights fund balances and projects
Summary
Finance Director Britney Baker told the Russellville council that sales tax and state turnback accounted for roughly $1.2 million of February general-fund receipts and provided balances for one-cent sales tax and other capital funds; packet materials contain the authoritative numeric breakdowns where the transcript is unclear.
Finance Director Britney Baker presented the city’s monthly finance report for February during the March 19 Russellville City Council meeting, summarizing revenues, expenditures and recent capital purchases.
Baker said the city’s general-fund revenues for February included roughly $1.2 million in sales tax and state turnback receipts and listed other receipts and expenditures in the packet. She described general fund expenditures for the month and noted personnel costs and utilities as substantial budget items. Baker also reported on street-fund revenue and spending, capital purchases for the street fund (including an asphalt roller and equipment reported as purchased for the street fund), and economic-development fund balances and expenditures, including prior appropriations for hangar roof maintenance and downtown parking improvements.
Baker told the council she had provided a breakdown of the one-cent sales tax (inception in 2021, renewed in 2026) and the balances for each component in the packet. Several numeric values in the meeting transcript are garbled; Baker’s oral report and the meeting packet together are the authoritative sources for the city’s financial figures.
The council did not ask additional substantive questions after the report and accepted the finance report as presented.
