At the Oct. 16 council meeting Finance Director Alberta Barrett presented preliminary financial results through September 2025, the municipality's fiscal-year end. Barrett described the report as preliminary pending final year-end postings and the audit.

Highlights she reported included general fund revenues of about $33.9 million versus a budget of $32.9 million, driven by a settlement receipt of roughly $600,000 that was recorded in fiscal 2025. Barrett said sales tax receipts were ahead of budget by about $209,000 and up roughly 13% over the prior year. Property-tax receipts were close to budget. On the expenditure side, Barrett said general fund spending ran about $1.8 million under budget at the time of the report, but cautioned that some post‑fiscal‑year operating costs, including salaries, still needed to be recorded.

Barrett walked council through other funds: the Economic Development Corporation fund had a fund balance of about $8.5 million; the ARPA fund showed beginning balances and reimbursements with about $6.3 million at the start of the year and $5.1 million spent; the utility fund reported revenues and expenditures roughly in line with the budget, with unbilled receivables expected to be recorded soon.

She also offered detail on capital and bond funds, noting several CO and GO projects that are drawing down restricted balances and that the city is steadily spending previously issued borrowing for projects such as the East‑West Spine Road and Fritz Park. Barrett said staff will bring midyear budget amendments to recast revenues that were received early and to close fiscal 2025 transactions into the audited ledger.