City Auditor is giving his periodic update on the city’s financial picture:
“All in all, the general fund is looking to have a $2 million reduction in [balance],” he says.
On the enterprise account side, the biggest problem looks like it will be the Airport account, to the tune of about $800,000.
“It would be wise not to see that fund balance go down,” DelSignore says. Credit agencies look poorly on that kind of thing, and he says having another straight year of a negative trend could be bad. He suggests looking at other ways of making up that gap.
7:20
