KETR Local
10:33 am
Thu April 17, 2008

Quarterly financial report given at Commerce City Council meeting

Commerce – The financial status of the city of Commerce is in good standing following a quarterly financial report during Tuesday's council meeting. Director of Administrative Services and Interim City Manager Marc Clayton says as of March 31, Commerce has spent 2% less than what they budgeted. Based on these and other figures, Clayton says the city should be in good shape for the remaining six months of the fiscal year.

Another item of note was the city's quarterly collections for outstanding warrants. In the past three months over $40,000 has been collected, nearly half of what was collected during all of the 2007 fiscal year. Clayton credits the city's hard work during last month's warrant round up as a contributing factor.

An announcement was also made Tuesday regarding the search for a new city manager. Search firm Strategic Government Resources is set to meet with council during next month's executive session, and present a first list of prospective candidates.