Tuesday, August 18, 2015

Finance and Operations: closing FY15

Allen: final report of fiscal year
not much of a change from third quarter
use adopted budget in relation to actual expenditures
$82,000 out of a $200M salary spending
net positives are mostly vacancies; net negatives mostly overtime due to snow
health insurance savings due to senior plans not increases as much as others
freezes during the year to balance accounts
$69 going back to the city for free cash
millions of dollars still outstanding (include encumberances for summer salaries) when fiscal close

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