Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Kenmore finance director: first quarter shows expected seasonality, $3 million biennium deficit and healthy reserves
Summary
Finance Director Melinda Merrill told the council the city is $198,000 in the red for Q1 and the 2025–26 biennium started with a planned roughly $3 million deficit due to special projects and reserve use; the city’s fund balance remains about $9.9 million.
Kenmore’s finance director told the City Council Monday that first‑quarter results are consistent with the city’s budget timing, with revenues and expenditures showing seasonal patterns and a planned use of reserves for special projects.
Melinda Merrill said the city was “3 months into the biennium, which is at at 12.5 of the budget spent,” and that Q1 presented roughly $198,000 in the red while the biennium began with an estimated $3 million gap reflected in the adopted budget. Merrill explained that the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
