Cuernavaca’s Fiscal Performance: November 2024
The Cuernavaca City Council recently released financial data revealing the municipality’s fiscal performance for November 2024.
Municipal Treasurer Javier arozarena Salazar presented the figures during a council meeting,highlighting both revenue and expenditure trends.Revenue Collection Exceeds Expectations
In November, Cuernavaca generated 131 million 363 thousand 915.49 pesos in revenue.This strong performance contributed to an impressive 98.79% collection rate of the 981 million 293 thousand 957.64 peso budget allocated for the period from January 1st to November 30th, 2024.furthermore, the city has successfully collected 95.43% of its 2 billion 229 million 838 thousand 437.55 peso budget for the entire year,demonstrating a consistent ability to meet its financial obligations.
Expenditure Breakdown
Total expenditures for November amounted to 228 million 295 thousand 779.64 pesos. A detailed analysis of these expenditures reveals the following distribution:
Services Personnel: 18%
Materials and Supplies: 2%
General Services: 31%
Transfers, Allocations, and Subsidies: 12%
Tangible and Intangible Assets: 5.1%
Public Investment: 30%
* Public Debt: 1.9%
Commitment to Fiscal Duty
As of November, 96.15% of the 2 billion 229 million 838 thousand 437.55 peso budget had been committed, leaving only 3.85% available for future allocation. Notably, the month saw significant disbursements for severance payments and labor lawsuits (2 million 656 thousand 144.36 pesos) and ADEFAS budgetary obligations (4 million 422 thousand 710 pesos).
Mayor Urióstegui Highlights progress
Mayor José Luis Urióstegui Salgado emphasized the meaning of these financial figures,underscoring the city’s commitment to responsible fiscal management. He noted that the strong revenue collection and efficient budget utilization allow Cuernavaca to fulfill its commitments to its citizens, addressing their moast pressing needs.
This positive fiscal performance positions Cuernavaca for continued progress and development in the coming months.
Off the Field and Into the Budget: A Conversation with champions League Winner, Carlos “el Toro” hernandez
This week, we’re taking a break from the roaring crowds and nail-biting finishes of the beautiful game to dive into something equally crucial to a team’s success: financial management. Joining me today is carlos “El Toro” Hernandez, former midfield maestro for Real Madrid and UEFA Champions League winner, to discuss the city of Cuernavaca’s notable November 2024 fiscal performance.
Welcome, Carlos!
Carlos: Thanks for having me. It’s great to be hear and talk about something outside the usual football chatter.
Moderator: Absolutely. Now, Carlos, Cuernavaca clearly has its finances in order, boasting a near 100% collection rate for its November budget. As someone who’s been part of a tightly run ship like Real Madrid, what’s your take on this level of fiscal obligation?
Carlos: I think it’s fantastic! Just like a football team, a city needs to manage its resources wisely to achieve its goals.You can have the most talented players on the pitch, but without a strong financial structure, achieving success becomes incredibly difficult.
moderator: it’s engaging you draw that parallel.
The report highlights meaningful spending on “General Services” and “Public Investment,” totaling 61% of the November budget. Do you think these are wise investments for a city like Cuernavaca, especially considering their strong revenue collection?
Carlos: Definitely. I see “General Services” as the foundation. Think of it as the groundwork,the training facilities,the medical staff—essentials that keep everything running smoothly.
And public investment? That’s like buying new talent, expanding your stadium, upgrading equipment. It’s about investing in the future, ensuring the city can grow and develop.
Moderator: Some might argue that a 96% commitment rate of the annual budget, leaving only 4% available, is a bit tight. Could this signal potential problems down the line, especially with unexpected expenses?
Carlos: It’s a balancing act, isn’t it? You want to be prudent and make every peso count, but you also need a safety net for unforeseen circumstances. My instinct is that Cuernavaca is playing this carefully. They’ve shown good fiscal discipline, so they’re likely mindful of potential risks.
Moderator: Absolutely. Speaking of risks, the report mentions substantial expenditures on severance payments and legal settlements. How can a city manage these types of unpredictable costs without jeopardizing its financial stability?
Carlos: Every team, every city faces challenges—injuries, unexpected legal battles, you name it. It’s about planning, having contingency funds, and being proactive. Maybe Cuernavaca could explore strategies like insurance or risk mitigation programs to soften the blow of these unforeseen expenses.
Moderator: Excellent points, Carlos. What about the citizens of Cuernavaca? Do you think this level of openness and commitment to fiscal responsibility will resonate with them?
Carlos: I believe so. People want to see their city managed responsibly.
They want to know their taxes are being put to good use.This level of openness builds trust and confidence—it’s what fans, or in this case, citizens, expect from their leaders.
Moderator: Well said, Carlos. Final thoughts for our readers?
carlos: We frequently enough think about sports in terms of wins and losses,goals scored,and trophies won.
But behind the scenes, there’s a whole strategic game being played, from managing finances to nurturing talent. Just like a successful football club, a thriving city requires sound financial management, strategic investments, and a commitment to its people.
Cuernavaca appears to be doing several things right.
Moderator: Thank you so much for joining us today, Carlos, and sharing your insights!
Readers, what are your thoughts on Cuernavaca’s November fiscal performance?
Do you agree with Carlos’s perspectives? Let us know in the comments below!
