In her June newsletter, City Controller Annise Parker announced that the city’s budget surplus had increased to $33 million — $15 million more than last month’s surplus:
The city’s robust projected FY07 surplus jumped another $15 million this month thanks in large part to a FEMA refund for the city’s Hurricane Katrina and Rita expenses.
Houston City Controller Annise Parker reported that the current Monthly Financial and Operating Report (MFOR) projects a $33 million increase in General Fund undesignated reserves compared to $18.1 million reported last month. This is the net result of a $13 million increase in projected revenues and a $1.9 million drop in expenditures.
Revenues
