City finance director reports February net loss tied to riverfront capital transfer; year-to-date net income remains The finance presenter reported a $3.4 million net loss for February driven mainly by transfers to capital for the Mobile Riverfront project, a fund balance of $184.2 million and year-to-date net income approaching $44 million.

Mobile City reported a staggering $3.4 million net loss for February due to capital transfers, but year-to-date income is still strong at nearly $44 million!

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City Finance Plan projects $8M net gain post pension adjustments by 2027 City expects $8 million net gain after police and fire pension reductions by 2027

Mobile City's Finance Committee is projecting an $8 million net gain after significant reductions in police and fire pension obligations by 2027, paving the way for potential budgetary shifts.

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