The Scottsdale City Council will hear good news when city Treasurer Sonia Andrews gives her review of last fiscal year’s budget during the council’s Dec. 5 meeting.
"The city’s finances are in good shape,” Andrews said. “We have managed the city’s finances very conservatively so by the end of the year we are in a strong financial position, retaining our AAA bond rating and retaining our strong reserves.”
Total assets are up 4% ($274.3 million) in fiscal year 2023, which ended on June 30, over the previous year. At the same time total liabilities are only up 2% ($28.1 million) in fiscal year 20223 over the previous year.
