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Finance director reports FY23 revenue surplus and Kaw Lake collections; several appropriations expected
Summary
Staff told commissioners FY23 revenues are tracking above budget across multiple funds, proposed appropriations for a Tenth Street award and a front‑load trash truck were previewed, and Kaw Lake sales‑tax collections and loan drawdown status were updated.
City finance staff gave a fiscal update showing higher‑than‑budgeted revenue across general and enterprise funds and provided a status report on the Kaw Lake water supply program and related debt.
The finance presenter said general‑fund revenues are projected to finish about 7% above budget, roughly $4.2 million, with approximately $3 million of that attributable to increased sales tax. Franchise fees were reported roughly 19% over budget (about $532,000), driven by higher electric and gas receipts, while license and permits were on target and miscellaneous revenue showed timing‑related increases (including about $231,000 in grant reimbursements). The city received an initial opioid settlement payment of about $165,000; staff said settlement language will determine allowable spending and recommended a third party manage the funds as they accumulate.
Enterprise revenues were also ahead of projections: water usage was up about 21% (roughly $4.3 million additional revenue), sewer increased in many cases, and trash service revenue rose (staff cited approximately $424,000 higher commercial usage and modest rate adjustments). Stormwater revenue was roughly $95,000 above projections. Staff proposed appropriating $250,000 of the additional revenue to move forward on the Tenth Street project (consent agenda item) and described authority to order a front‑load trash truck (approximately $345,000) from year‑to‑date savings without a separate appropriation request.
On 9‑1‑1 funding, staff and commissioners noted statewide underfunding tied to the shift from landline surcharges to mobile billing and referenced a bill on the governor’s desk to add a $2 charge per wireless line for 9‑1‑1 fees.
Kaw Lake program totals were also updated: cumulative sales‑tax collections since inception were reported at about $57 million with $770,000 in interest (total ~$57.7 million). Loan repayments to date totalled about $34.2 million; staff reported about $23.47 million available for future payments and said roughly $20 million of that is invested in short‑term Treasury bills. Staff listed upcoming September payments of approximately $9.1 million and summarized project budget status: total program budget was reported at about $342 million after an $8.2 million change order; actual expenditures to date were roughly $227 million with outstanding encumbrances near $114 million, leaving a modest unspent balance described in the presentation.
Staff said several appropriation items (sales tax transfer to EMA, event center coverage and an EPTA parking lot award) will be brought back to the commission for formal action at a future meeting; the finance presentation did not record final votes during the study session.
