Finance department reports steady revenue and expects higher sales-tax season
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Summary
Finance staff reported midyear budget figures: sales tax up $40,000 year-to-date, interest income at 51% of budget, overall revenue near 49% of budget and expenses at 48%; departments submitting 2026 budget requests and CIP work underway.
Speaker 4, Finance Department staff, summarized the June financials, saying June sales tax was down about $3,000 from last year but the year-to-date figure is roughly $40,000 ahead of 2024. Speaker 4 said the county is on pace for more than $3.1 million in sales-tax receipts and noted settlements lag activity by about two months.
On the revenue side, Speaker 4 said interest income is at 51% of budget through June 30 and net revenue is at 49% “so we're running very close.” Expenses, including monthly transfers, were reported at 48%. Speaker 4 said the general fund is “in really good shape.”
Health and Human Services revenue was reported at 42% for the year, a lag attributed to grant timing; Highway revenue was behind because of state funds timing but expenses were slightly under budget amid the construction season.
Speaker 4 also outlined the 2026 budget timeline: department budget requests and CIP submissions are due at month-end, and staff were reviewing position requests and capital items. The department is processing some CIP transfers earlier in the year to reimburse Highway for equipment and noted a PMA CD maturing in August that will be placed for bid.
Ending: Finance staff said the audit for the prior year went well, ARPA funds are fully committed and staff will return with more budget detail in August.