POSITIVE FINANCE REPORT (WV) 2/14/13 7:00a DMF

FOR THE FIRST TIME IN ALMOST 4 YEARS, THE WATSONVILLE CITY COUNCIL RECEIVED A POSITIVE REPORT ON THE CITY’S FINANCES. CITY MANAGER CARLOS PALACIOS SAYS THE CITY HAS A GENERAL FUND SURPLUS OF OVER 800 THOUSAND DOLLARS.  ACCORDING TO ADMINISTRATIVE SERVICES DIRECTOR EZEQUIEL VEGA, PART OF THE UPSWING IS DUE TO THE CITY’S REVENUES OUTPACING ITS EXPENDITURES.