1 result for “variance review” · budget
The 2024 Year End Fiscal Report compares actual income and expenses to the 2024 budget for all municipal funds. As of December 31, 2024, total fund balances across all accounts reached $1,868,075, with the General Fund holding $624,936, the Sinking Fund $259,758, and the ARPA Fund $253,285 (restricted). General Fund revenue totaled $2,163,609 against a budget of $2,143,181, representing 101% of budget, while expenditures were $2,075,554 against a budget of $2,060,422, producing an $88,055 surplus. Notable revenue variances included Earned Income Tax at 122.6% of budget ($994,036), Interest Earnings at 1090.5% of budget ($22,191), and Fines at 163.4% of budget ($26,223), though Real Estate Tax revenue came in at 89.8% of budget ($401,214).
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