Year-End Financial Report Given to City Council

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 (“unaudited actuals”) against the original FY ’22 budget. 

All of the City’s five major operating funds (General, Water and Sewer, Solid Waste Services, Golf and Hotel/Motel Tax) ended the year with increases in total revenues thanks to conservative budgeting amidst the COVID-19 pandemic, and most saw decreases in total operating expenditures. As such, all funds have ending balances that exceeded the minimums set by the City’s financial policies. 

The audited actuals for all funds will be presented at a later time with the acceptance of the audit and the Comprehensive Annual Financial Report. 

Video: Jan. 9 presentation