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June financial report: utility deficit narrows; grants receivable $391,000; ambulance collections improve
Summary
Finance director Pamela presented the June financials: utility fund revenues rose to about $9 million, expenditures pushed a $368,000 deficit (better than last year), grants receivable total $391,000, and ambulance collections improved year‑over‑year.
Pamela, the city’s finance presenter, told the council that 75% of the fiscal year has elapsed and reviewed June financial statements.
“This is 75% of the year has elapsed,” Pamela said. She reported the utilities fund showed total revenue of “a little over $9,000,000” compared with about $8.3 million last year, and total expenditures of $9.4 million this year versus $8.8 million last year. Pamela said the utility fund currently shows expenditures exceeding revenues by about $368,000, improved from $534,000 at the same point last year.
On the general fund, Pamela said total revenue was about $9.2 million versus $8.7 million the prior year; expenditures through the reporting period were higher than the prior year. She warned that the general fund’s cash position typically looks stronger earlier in the year because of the timing of property‑tax receipts and said the fund must be monitored closely through July and August.
Pamela also told the council there was $391,000 listed as grants receivable on the balance sheet and that the city expects to receive those funds in the next two to three months. On ambulance billing, staff reported amounts billed of about $1.3 million and collections year‑to‑date of a little over $800,000; that collection total compares with about $613,000 collected at the same point last year. Staff said the city uses a third‑party collector, identified in the packet as EmergeCon, and that collection performance has improved.
The council accepted the consent agenda — which included the minutes, write‑offs and the June financial statement — by recorded motion and unanimous ayes. Councilmembers and staff discussed timing for large projects and how sales‑tax receipts and CD balances can be used to backfill capital accounts when needed.
On hotel/motel funds, staff reported revenue exceeded expenditures by about $38,000 through June and described permissible uses for that revenue (advertising and amenities that draw visitors, community center enhancements) rather than grants to lodging operators.
The finance presenter invited councilmembers to review the full packet; staff said they would send the master‑plan summary and other supporting documents on request.
