Comptroller Rogers said the city’s July financial statements show stronger-than-expected revenue early in the fiscal year after the city received its first property tax payment in July.
The payments, Rogers told the Budget Committee on Aug. 11, amounted to “nearly a third of the property taxes for the year,” which lifted total revenue to about 30% of the annual budget through July 31. “That’s good news. We’re in good shape there,” she said.
The comptroller said the statements compare the 2026 budget next to year-to-date figures and include accruals from the prior year; she said accrual adjustments will be made at April 2026 year-end so the city does not show several months with no revenue. On expenditures, Rogers told members the city is generally under budget in most areas and that total spending is running about 31% of annual appropriations, noting some departments have front-loaded costs earlier in the fiscal year.
A council member raised a question about the training and conferences line appearing at 96% of budget; Rogers responded that some department budgets are front loaded and that a column-source error in the new spreadsheet layout may have caused a few percentage displays to pull from the prior fiscal year’s budget. She said the finance office will correct any column-source mistakes and resend updated statements.
Rogers also reviewed cash-management steps, saying staff moved funds into the general fund temporarily because of uncertainty about the timing of the tax levy payment and that the finance office is working to keep money in interest-bearing accounts when possible because the general fund’s main checking account does not earn interest. “I’m trying to do a better job of monitoring the ones where we’re getting interest income and keeping the money in those accounts as long as we can,” Rogers said.
No formal action was taken on the financial statements; the committee used the review for oversight and asked staff to correct and reissue any statements with column errors.
The committee approved the June minutes at the start of the meeting by voice vote and later moved to adjourn after the updates. The financial review and cash-management discussion were informational and will be incorporated into regular reporting to the committee.
Less critical details: Rogers said she did not perform a line-by-line audit at the meeting because the documents are an interim budget year-to-date view and she had not yet completed a fine-tooth-comb review; she invited members to flag any specific line items for follow-up so staff can pull backup detail.