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Prospect reports $4.6 million on hand; tree-maintenance budget flagged for review
Summary
City finance staff told the council the city held roughly $4.6 million in combined investments and checking as of Sept. 30, 2025, with an unrestricted balance of about $2.6 million after reserves; council was warned tree-maintenance spending has exceeded budget and will likely require a budget review.
Prospect — At the Oct. 20 City Council meeting, finance staff provided a monthly financial summary showing the city held approximately $4.6 million in combined investments and checking at the end of September and reported a net unrestricted balance near $2.6 million after reserves for pensions, restricted projects and the road fund.
John Carter, who summarized the September financials, said investments totaled roughly $3.1 million while checking balances were close to $1.3…
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