Broken Arrow City Council
Meeting of: 1/21/2025
Title:
title
Acknowledgement of the submittal of the Financial Statements for General Fund, Broken Arrow Municipal Authority, Police Sales Tax Fund, Fire Sales Tax Fund, and Visit Broken Arrow for December 2024
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Background:
The Finance Department has started publishing the monthly financial each month for the following funds: General, BAMA, Police Sales Tax Fund, Fire Sales Tax Fund and Visit Broken Arrow.
Attached are the financial statements for the period of September 2024, the net income from the following funds is as follows:
December 2024.
Fund Year to Date Month to Date
General Fund $ 3,361,847 $(5,175,981)
BAMA $2,555,710 $2,099,232
Police Sales Tax $2,765,554 $1,305,826
Fire Sales Tax $2,510,723 $1,381,196
Visit BA $ 85,987 $ 20,397
General fund had a large deficit for the month of December due to the transfer to BAETA that was budgeted for (ARPA Money) and the tru-up was done for the police and fire
Accounts Payable has also processed 8148 invoices for the first quarter of FY 25
For more information go to Brokenarrowok.opengov.com
Cost: $0
Funding Source: N/A
Requested By: Cynthia S. Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: December 2024 Financials
Recommendation:
recommend
Acknowledgement of submittal of the Financial Statements for General Fund, Broken Arrow Municipal Authority, Police Sales Tax Fund, Fire Sales Tax Fund, and Visit Broken Arrow for September 2024.
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