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Davenport presents balanced FY26 budget; general fund reserves and liquidity remain strong
Summary
City staff told the Davenport City Council at a Saturday budget workshop that the fiscal year 2026 budget is balanced, the general fund reserve is at the top of policy at 25%, overall liquidity exceeds policy targets and several enterprise funds will be monitored for shortfalls.
Davenport City staff presented a balanced fiscal year 2026 budget at a Saturday budget workshop and reported that the city’s general fund reserve is at 25%, near the top of the council’s policy range.
City finance staff said the city ended fiscal 2024 with an increase in unrestricted cash across funds of about $2.7 million and that current assets in governmental funds cover current liabilities by roughly 338%, well above the city’s policy minimum. Staff said those measures support the city’s credit profile and that they plan to recommend refinements to…
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