Mill Valley gets final report on last fiscal year

Mill Valley closed out its budget year with revenues above projections and a balance of $9 million in the general fund, the finance director said.

The City Council received a final report on revenue and expenses for fiscal year 2023-24 at its meeting Monday night. The city adopts its operating budget in two-year cycles.

The city closed out the fiscal year on June 30 with about $37.2 million in revenue — around $2 million, or 6%, over expectations. Operating expenses totaled about $33.3 million...