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Centerville posts modest year-end surplus; sales tax modestly above budget
Summary
Finance director presented June 30 year-end financials showing general-fund revenue roughly meeting budget, sales tax modestly above expectations, net general-fund surplus and positive results in water and sanitation funds; audit work to begin in mid-September.
Centerville — Finance Director Nate presented an informal year-end financial report to the council on Aug. 5, saying the city closed Fiscal Year 2025 in a healthy position with revenues roughly at budget and expenses below budget across several funds.
Lede details: Nate said the city’s sales-tax receipts totaled just over $5.6 million, slightly lower than the previous year but above the budgeted $5.5 million. General-fund total revenues were near the budgeted amount and expenditures finished below…
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