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Board reviews June budget showing revenues ahead of spending
Summary
Financial staff told the board that through June the city had collected about $41,000,000 of a $51,000,000 general-fund budget (≈80%) while expenditures were roughly 66%, with property-tax collections at about 95% and sales tax at 81%.
Rhonda, financial administration staff, presented the city’s June 30 budget report and said the general fund had collected ‘‘right at 41,000,000 out of a $51,000,000 budget,’’ with expenditures near 66% of budget and property taxes at about 95% of expected collections.
Rhonda said revenue growth continued to outpace expenditures and that most departments are operating within appropriated budgets, giving the city flexibility for the remainder of the year. Chair noted the budget work is nearly complete and staff are aiming to present a final budget for board action around Sept. 1.
The report used year-to-date figures and did not attempt to forecast year-end variances beyond noting current trends. No formal action was taken beyond acceptance of the report.
