Finance Department Report

At the April 16 Board of Trustees meeting, the Director of Finance, Tony Vasquez, reported:

• The General Fund results through the 1^st quarter were as expected, showing a deficit due to the timing of the receipt of property taxes. 
• Motor Fuel Tax (MFT) Fund revenues were trending right on target.  Expenses were less than expected due to the relatively few snow events in early 2024.
• Water Fund revenues and expenses were both less than budget.  Both are expected to increase during the warmer months. 
• Sewer Fund revenues were slightly ahead of budget.  Expenses will increase with the start of maintenance and capital improvement work when the weather improves.

Generally, overall results were within expectation.  

The entire update from the Director of Finance can be viewed by clicking this video link.