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City presents Q2 finance report; staff outlines adjusted budget timeline and retreat schedule
Summary
City finance staff told the council revenues and expenses are near expected levels in most funds, reported ARPA billing activity, and outlined a staged worksheet process and schedule for the 2026 budget with key dates in August–December.
City finance staff presented the quarter-two financial report and a revised budget timeline to the council, saying overall revenues and expenditures are generally near where they should be for midyear and that department worksheets for the 2026 budget were issued on June 23.
Staff said the general fund revenue is slightly above expectations while expenses are slightly below; sales tax receipts were higher year-over-year at that point. Parks and library funds were described as "right where we want to be" given seasonal spending patterns; the street fund was low by design because the city anticipates using TBD (transportation benefit district) funds for planned street work.
On federal COVID-relief funds, staff said ARPA billings were submitted after quarter two and that those funds are effectively spent or committed as of the reporting time. Staff noted fuel-tax revenue was lower year-over-year and that sanitation numbers needed further review. A staff presenter told the council that water and sewer revenues and expenses have seasonal patterns and that construction reimbursements were being pursued; the city requested an additional reimbursement the same day.
Budget timeline: Staff said they issued budget worksheets to departments on June 23 and are staggering deadlines across four areas (capital projects, IT, HR-related budgets, and all others) to reduce workload and enable earlier review. Key calendar items staff listed include a council review of 2026 goals and objectives and setting a council retreat date at the Aug. 6 meeting; draft budget presentations and public hearings in November (including property-tax/ad valorem hearing Nov. 5 and Nov. 19), certification on Nov. 30, and anticipated adoption by Dec. 17.
Why it matters: The report indicates the city is managing large capital projects this year and balancing reimbursements, grant billings and seasonal revenue patterns. The staged worksheet process aims to smooth departmental workload and allow earlier budget prioritization.
