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Officials explain why state schedule shows a $700,000 reporting difference
Summary
Staff showed how schedule B combines the general fund and Powell Bill for statewide comparison, explained exclusions such as loan proceeds and certain transfers, and presented a combined revenue figure of $6.9 million that differs from operational trial-balance numbers.
City staff walked the council through reconciling the trial balance to the state schedule (schedule B) and explained why the combined reporting method can produce apparent deficits.
The finance director explained that schedule B combines the general fund with the Powell Bill (street) funds and excludes loan proceeds while leaving related capital in expenditures, which can make municipalities appear to have lower net resources. He said, "you see a total revenue number of 6,900,000," and added that exclusions and timing (for transfers and loan proceeds) drive the apparent difference of roughly $700,000 in the combined presentation.
The explanation aimed to show the technical distinction between the city's internal trial balance (used for daily operations) and the external schedule used for statewide comparison, and staff indicated they will continue coordinating schedules and clarifying lines in future reports.
