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City finance director reports lower fund surpluses and higher paving and personnel costs in quarterly financials
Summary
The city’s June 30 financials show general fund revenues over expenditures of $2.83 million (down from $5.05 million last year), increased transfers for the new fire station and debt service, reduced interest revenue in enterprise funds, and higher paving expenditures in the street fund.
Karen Scott, the city’s finance director, presented the quarterly financial report for the period ending June 30, 2025, detailing declines in several fund surpluses and key drivers behind the changes.
Why it matters: The report outlines sources of budget pressure—classified pay raises, debt service reclassifications and major paving work—and provides context for the board as it begins 2026 budget planning.
Scott reported the general fund’s revenues over expenditures were $2,830,000 for the period, down from…
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