The City budget remains on track with its current fiscal year outlook, as evidenced by the FY 2022-23 First Quarter Financial Report presented at Monday’s City Council work session meeting. The First Quarter Report represents activity from Oct. 1-Dec. 31, 2022.
Revenues and expenditures in all five funds (General, Water and Sewer, Solid Waste Services, Golf, and Hotel/Motel Tax) are performing within established parameters, with the exception of the Hotel/Motel Tax Fund, which saw revenues exceed First Quarter expectations, and the Golf Fund, which experienced revenues slightly below expectations due to the impact of rain on total rounds played. However, total rounds are still above the pre-pandemic average.
Full report: https://richardsontx.swagit.com/e/02212023-594/9/
