North Las Vegas Expects Temporary Cash Flow Bind | News
NORTH LAS VEGAS, Nev. -- North Las Vegas Finance Director Al Zochowski told the Nevada Tax Commission this morning that the financially strapped city will experience a small cash flow deficit in June but should end the month with slightly more than $2 million in positive cash flow.
Hacker also told the commission that the city has been meeting all of its debt obligations.
The cash flow status prompted the commission to request that North Las Vegas begin furnishing the state with regular cash flow reports as the state Department of Taxation continues to assist the city with its finances.
Zochowski and City Manager Timothy Hacker also were directed to submit a letter to the taxation department that lays out all the actions the city took to back up its proposed fiscal 2013 budget. The City Council is expected to vote on the budget Tuesday for the fiscal year that begins July 1.
Budget considerations come at a time when the city is seeking concessions from public safety workers to help balance the ledger.