City reports positive first-quarter 2025 cash position; landfill siting and impact fees bolster reserves

Finance staff told the committee the city held about $58.5 million in cash and investments as of March 2025 and reported first‑quarter operating results to the committee.

Danielle (staff member) said the general fund had received about $15.9 million through March — roughly $280,000 above budget — and that fines and forfeitures were up about 12% in quarter 1. "A lot of that comprised of fines and forfeitures, from the court," she said, and staff attributed part of the increase to a new judge and higher parking citation fees.

Expenditures through March totaled about $7.6 million, about $1 million below budget, mostly because of vacancies in police and inspections and timing of transfers to capital and event-related transfers. Danielle said those variances left the city with a roughly $1.3 million surplus through the end of the quarter, though she cautioned that surpluses typically decline as the year progresses.

On special funds, staff reported the landfill siting revenue stream has grown — the budgeted landfill siting revenue is $2.6 million and staff said that revenue has increased about 26% over the last four years. Development impact fees started strong in 2025, with two large collections tied to new projects; Danielle said the park impact fee fund balance was about $4.9 million and the water impact fee balance about $4.2 million. She said those balances make it unlikely the city would need to rebate fees through at least 2027 for parks and 2028–29 for water based on current projections.

The committee accepted the first-quarter financial report and voted to forward it to council.