The City’s year-end financial report was presented to the City Council Monday by City Budget Office staff. The focus was on the performance of revenues and expenditures against the year-end estimates developed in June.
Revenues and expenditures across the City’s five major operating funds (General, Water and Sewer, Solid Waste Services, Golf and Hotel/Motel Tax) ended the year performing above or close to the June performance expectations, with any fund revenue losses being offset by lower expenditures in the same fund. As such, all funds had ending balances that exceeded or were on target with the June year-end estimates.
Website: Monday’s Council Presentation
