CFO Angela Reyes presents quarterly financial report with budget implications

August 01, 2025 | North Miami, Miami-Dade County, Florida


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CFO Angela Reyes presents quarterly financial report with budget implications
In a recent North Miami City Council meeting held on August 1, 2025, city officials discussed the critical first and second quarter financial reports, emphasizing their importance as the city approaches budget season. Chief Financial Officer Angela Reyes presented a concise overview of the financial status, highlighting key figures that reflect the city's fiscal health.

Reyes reported that for the first quarter, the general fund revenues stood at $29 million, with expenditures at 26%, indicating that the city is operating below its expected spending levels. The report also noted significant figures such as $12 million in purchase order rollovers and $13 million in reappropriations, which are essential for understanding the city's financial management.

As the discussion transitioned to the second quarter, Reyes pointed out that general fund revenues increased to 51%, while expenditures were at 48%. This trend suggests a stable financial position, with revenues slightly outpacing expenses. However, the enterprise funds showed a discrepancy, with revenues at only 5% due to delayed billing processes.

The council members engaged in a brief dialogue regarding the timing of future budget workshops, indicating a desire to integrate public discussions into the council's schedule. This reflects the council's commitment to transparency and community involvement in financial planning.

Overall, the meeting underscored the city's proactive approach to financial management as it prepares for the upcoming budget season. The council's focus on fiscal responsibility and community engagement will be crucial as North Miami navigates its financial landscape in the coming months.

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This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.

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