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Q1 finance briefing: city reports steady revenues, income‑tax uptick and healthy fund balance
Summary
Finance staff told council the general fund and special funds are tracking near expected first‑quarter levels, income tax receipts showed an 11% increase year‑over‑year and the city ended the quarter with roughly seven months of unreserved operating fund balance.
Finance staff presented the city’s first‑quarter 2025 financial report, covering the general fund, special revenue funds, capital improvement fund, income‑tax trends and investments.
Finance Director (Burry) reported general fund revenues and expenditures tracking near 25% of the annual budget, noting property tax timing affects first‑quarter figures and a delayed property‑tax posting will appear in April results. The director highlighted a one‑time increase in “other revenue” that included dividend shares from the Central…
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