From the Terre Haute Tribune Star:
Terre Haute Mayor Duke Bennett and other city officials have been fielding questions from worried city employees, city council members and taxpayers since the Tribune-Star reported last weekend that the city’s critical general fund cash balance was around $41,000.
In a July 3 interview with the Tribune-Star, City Controller Leslie Ellis estimated the June 30 general fund cash balance was approximately the same as a year earlier, when it was a little less than $41,000.
However, the true June 30, 2013 cash balance, calculated early this week, is significantly greater, new figures from the controller show.
The general fund, which pays for much of the day-to-day operations of the city government, had a balance on June 30 of $378,037, the figures show.
That’s still low compared to the general fund budget of $33 million, but it marks a steady improvement over the past two years, Bennett said in a follow-up interview with Ellis on Thursday in City Hall.
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See the full article here:
http://tribstar.com/local/x596946611/City-finances-better-than-first-anticipated
