STURGIS, S.D. – Sturgis City Finance Officer Fay Bueno provided the Sturgis City Council with 3rd Quarter Financial update Monday.
Each quarter, Bueno gives the financial update to the Council.
This update includes comparison of general fund revenue and expenses; cash balances; cash, loans, and CD comparisons; expenses and revenues for major funds.
At the end of September, Bueno says the city’s general fund revenue is up 10% over 2022.
The city’s general fund expenses are up 2% over 2022.
Bueno says the sales tax is up 14%.
One of the bright spots in revenue has and continues to be the sale of aviation fuel at Sturgis Municipal Airport. As of the end of September, fuel sales are up 32% over a year ago.