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Council approves expenditures and August 2024 financial report; several vendor payments exceed $25,000
Summary
Council approved expenditures for Aug. 31–Sept. 13, 2024 and accepted the August financial report, which lists General Revenues of $4,558,292.54 and several vendor payments over $25,000.
Council Member Jimmy Pratt moved to approve expenditures for Aug. 31, 2024 through Sept. 13, 2024; Council Member Barbara Dominguez seconded and the motion carried unanimously. The minutes list multiple expenditures over $25,000, including payments to Waste Connection ($41,360.17), Alpha One Chevrolet ($41,419.31), Cameron Country Dodge ($52,663.00 and $61,139.00), Karl Klement Ford ($49,199.62), City of Cameron – CVFD Res ($33,000.00) and TMRS ($44,715.75).
The council also approved the August 2024 Financial Report. The report lists General Revenues of $4,558,292.54 and includes fund-level figures for HOT revenues/expenses, street department expenses, water and sewer revenues and expenses, and debt service balances. The Water & Sewer fund showed a net loss of $297,535.84 in the items listed in the report.
Why it matters: the listed vendor payments and the financial-report totals provide the official record of recent city spending and fund health; the water & sewer fund deficit signals an area staff may need to address in future budget or rate discussions.
