During Monday’s council meeting, council received the city manager’s 2009 mid-year financial update.
According to the report, the general revenue fund is projected to have $273,669 higher revenues than expected, due largely to building permits coming in higher than previously expected.
At the same time, general expenses are expected to come in approximately $219,000 less than budgeted, due largely to less operational costs at city facilities.
Brian Acker, city financial services director, said administration estimates the year-end financial state of the city based on compiled information from the year thus far, as well as looking at how the city operated during the final few months of last year.
Brian Acker - “The purpose of the report is to supply city council with an update on the City of Moose Jaw’s progress in the 2009 financial year and to provide a pro forma projection of the year end results.”
“The purpose of the report is to supply city council with an update on the City of Moose Jaw’s progress in the 2009 financial year and to provide a pro forma projection of the year end results.”
