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Pampa reports fourth-quarter financial dashboard: revenues outpace expenditures
Summary
City staff told commissioners the city is about 30% through expected annual revenues and 24% through budgeted expenditures as of Dec. 31, 2024; sales-tax strength could add to fund balance while utility and landfill capital projects raise spending in other funds.
Theresa, a city staff member, told the City of Pampa City Commission on Feb. 24 that the city’s fourth-quarter financial dashboard, covering fiscal activity through Dec. 31, 2024, shows revenues ahead of expenditures and projections that depend largely on continued sales-tax collections.
The dashboard presented quarterly and year-to-date figures for the general fund and enterprise funds. Theresa said the city had collected about $5.1 million of $16.7 million budgeted general-fund revenue (about 30.5% of budget) and had spent about $4.9 million of $20.0 million in budgeted general-fund expenditures (about 24%). She told commissioners that, if sales tax continues at a 4% growth rate, the city could add roughly $180,000 to the fund balance by year end; a 2% decrease in sales tax, she said, would reduce reserves by an amount the dashboard showed as roughly $9,090,000.
Theresa also reviewed enterprise funds. She said water and wastewater revenues were about $2.3 million of a $9.0 million budget (slightly above the 25% benchmark) and that, if collections matched last year’s 9% growth, the water fund reserves could increase by about $781,000. She said the water and wastewater fund had consumed roughly 36.2% of its budgeted expenditures year to date because of large capital projects under way. For the solid-waste fund, Theresa reported revenues near 23% of budget and expenditures near 33.7%, noting landfill revenues typically rise in warmer months.
Theresa summarized an illustrative beginning fund balance of $3.5 million and an ending unrestricted reserve of about $5.3 million if operations stopped on Dec. 31; on the budgeted trajectory through the full fiscal year, she estimated an ending reserve nearer 21.9% of budgeted expenditures. There were no substantive questions from the commission during the presentation.
The dashboard materials were distributed to commissioners and displayed on the meeting dashboard during the presentation.
