Medical Lake ends FY 2024 with solid revenue

MEDICAL LAKE – City revenues were much higher at the end of 2023 than expected.

City Finance Direcotr Koss Ronhalt presented a fourth-quarter budget report for 2023 during the Feb. 6 City Council meeting.

“We’ve concluded the year on a positive note,” Ronhalt said. “Revenues surpassed expectations by $300,000, while operating expenditures remained approximately $1.2 million lower, primarily due to the negotiated Police contract.”

The report highlighted achievements in financial management, with all departments maintaining budget compliance.

Ronhalt underscored the noteworthy figures: “The gene...

 

Reader Comments(0)

 
 
Rendered 04/18/2024 13:52