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Hermiston staff report revenue shortfall, warn fund balance could dip below policy; multiple capital projects slated for 2026
Summary
City finance staff told the council on Sept. 22 that August revenues trailed projections by about $466,000 while expenditures were over projection by roughly $2 million; staff said a one-time $2.7 million transfer and restricted cash affect reserve projections but that several major infrastructure projects are advancing toward 2026 construction.
City finance and public works staff told the Hermiston City Council on Sept. 22 that August revenues lagged projections and that a one-time accounting transfer has created a projected dip below the city's 15% minimum fund balance in June 2026 unless adjustments are made. Finance staff reported that monthly revenues were about $466,000 under projection for the second month of the fiscal year, primarily because of timing in building fees and grant revenues. General fund expenditures were reported roughly $2,000,000 over projection, driven largely by a one-time transfer to create a new building fund intended to improve transparency for those restricted funds. Budget specifics staff provided: "The…
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