Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
City reports record $20.93 million cash balance at fiscal year end
Summary
City staff reported an ending cash balance of about $20,929,000—the highest in city history—and outlined the need to schedule a budget meeting and further study-commission signoffs before the August meeting.
City staff told the council the fiscal-year ending cash balance was approximately $20,929,000, which staff described as the highest cash balance the city has ever had. The figure was presented as positive fiscal news and as context for upcoming budget-work items.
Staff said they will need to schedule a budget meeting and noted the study commission had outstanding signed reports; the clerk/recorder requested more prompt submissions but staff said the commission remained within statutory deadlines. No specific allocations from the cash balance were approved at this meeting.
