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Midyear finances: Englewood reports modest operating surplus, staff proposes folding small restricted funds into 2026 budget
Summary
Director of finance reported June results showing revenues at 51.6% of budget and expenditures at 48.7% year to date, an operating surplus near $1 million and staff proposed including two small restricted balances — $95,000 long-term asset reserve and $182,000 stadium refund — in next year’s budget discussion.
Kevin Ingalls, Englewood’s director of finance, presented the monthly financial report and said the city is about halfway through the fiscal year with revenues at about 51.6% of budget and expenditures at about 48.7% YTD.
Highlights and key figures presented by Ingalls: - Overall revenues: ~51.6% of budget year to date; sales and use tax slightly down year-to-date (marijuana subcategory was a notable drag). Property tax collections were lower relative to last year because a one-time state payment in the prior year had inflated prior…
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