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Finance officer reviews September financials; staff to present budget amendments later
Summary
Finance Officer Renee Baker walked the council through September revenues and expenses, noting timing differences and bank interest of about $16,001.76; she said budget amendments will accompany the full budget ordinance at the next meeting.
Renee Baker, the city’s finance officer, told the council September showed timing-driven variances: revenues of about $1.9 million against interim expenses of about $3.7 million driven by project timing and receivables. She said a CD that matured in September earned about $16,001.76 in interest and will be renewed for another three-month term.
Baker flagged that some figures were not printed correctly in the packet PDF (2024 actuals) and said staff will update the published materials. She also noted the finance team is tracking capital projects and expects many to close by year-end; budget amendments tied to capital and TIF transfers will be presented with the budget ordinance at a future meeting.
