Hudson adds uncounted $1.6M to fund balance

The city has more money in its fund balance than the Treasurer expected. File photo

HUDSON — The city’s unassigned fund balance is $1.6 million more than the $900,000 estimate that Treasurer Heather Campbell gave to the Common Council on April 12.

The city now has $2.5 million in its unassigned fund balance.

While the city cited significant savings from spending decreases in response to the pandemic along with high sales and lodging taxes, the unexpected funds were also the result of an error from the treasurer’s office.

The April 12 report from Campbell had a miscalculation where some allocations were counted twice, which made it appear that less money was available than there actually was, according to the city.

Mayor Kamal Johnson does not know which allocations were counted twice, he said Friday.

The city’s adjusted financials do not incorporate state or federal relief funds. The city anticipates $667,000 payable over the next two years from the American Rescue Act.

Check back for more on this developing story.

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Johnson Newspapers 7.1

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