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Finance director: Shelton’s unreserved fund balance up about $607,000 through April
Summary
Finance Director Terry Pincher presented the April 2025 financial report, saying the city’s unreserved fund balance had risen to about $2.5 million and several revenue streams were tracking near budgeted projections.
Terry Pincher, Shelton’s finance director, presented the city’s April 2025 financial report at the June 17 council meeting and said the unreserved fund balance was approximately $2,500,000, a $607,000 increase from the city’s earlier projection.
Pincher said property-tax revenue is tracking near the budgeted projection of about $33,000,000; sales-and-use tax showed an unfavorable variance of about $73,000 but had improved from March. Year-to-date revenues were running about $311,000 above the original budget.
On expenditures, Pincher said the 2025 estimated actual for general-fund expenditures was roughly $16,000,000, about $295,000 under the adopted budget. He noted that some departments — community development and public works — showed unfavorable variances because of unfilled positions and contracted work.
Pincher reported citywide estimated fund balances of about $21,000,000 (down from the originally budgeted $26.8 million for the same comparison) and said those figures will inform preparations for the 2026 budget. He also reported vacant positions of about 1.5 full-time equivalents in the general fund and about 5.5 positions across other city funds.
Council members asked clarifying questions; no budget amendments or formal actions were taken at the meeting.
