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December report: Willard’s fund balance within state range, water fund shows deficit when restrictions excluded
Summary
Finance Director Cami Moss reported Dec. 2024 figures showing the general fund at 25% of reserves (within the state's 5–35% range) but noted a water fund cash deficit when restricted funds are removed; council discussed rate increases and budgeting implications.
City Finance Director Cami Moss presented the December 2024 financial report, highlighting that general fund revenues were at 43% of budget, expenditures at 37.9%, and the fund balance stood at 25% — within Utah’s 5–35% recommended range.
Moss said the water fund "showed a deficit cash balance when restricted funds were excluded," and she noted some departments — including Police and Parks — were slightly over budget. Council members discussed the water fund situation and the possibility of rate adjustments or other budget changes to address restricted versus unrestricted balances. No formal decision was made; staff will return with further information as part of future budget discussions.
