First quarter 2024 Financial Report

It’s refreshing to see a timely report on budget performance. At the April Council meeting, Finance Director Adam Giddings will provide a report on the Operating and Capital actual expenditures in Q1 compared to the amounts budgeted. The report is comprehensive with a breakdown by department and includes comments as to why there are variances. The first thing to notice is that spending in Q1 is 22% below the amount planned – a good portion of that is because many planned hirings have not yet happened plus there have been some unplanned resignations.  But it’s not all because of that and although there is considerable detail in the report, some items are not explained – see the full report and/or… Read complete articleFirst quarter 2024 Financial Report