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City finance director reports revenues up, several enterprise funds in net positive for January
Summary
Prattville staff reported FY2025 year-to-date general fund revenues of $22,641,202 (a 4.48% increase year over year) and net income in wastewater, sanitation and judicial funds for January; operating and overall expenses remain under budget in the enterprise funds.
City staff presented the monthly financial packet to the Prattville City Council, reporting year-to-date general fund revenues of $22,641,202 for FY2025 and noting several enterprise funds finished January with net income.
The finance presentation, delivered by Mr. Oakley, showed general fund revenue of $22,641,202 for the fiscal year to date, a 4.48% increase compared with the same period in the prior year. The tax breakdown comparison showed tax receipts up 1.33% compared with the previous January. With one-third of the fiscal year complete, the general fund had expended 27.9% of its budgeted expenditures.
Enterprise fund highlights included a wastewater fund net income from operations of $377,468 for January, with operating expenses reported at 30% of budget and overall expenses at 28% of budget. The sanitation fund reported a net income of $106,376 for the month, with operating expenses at 34.2% of budget and overall expenses at 31.9%. The judicial special revenue fund generated net income of $27,595 for January and was reported at 13.5% of budgeted overall expenses.
The packet also included a bank balances report showing total citywide bank balances of $44,945,471 as of January and an accounts payable and debt balances report indicating a total outstanding APN debt balance citywide of $54,483,218 and non-enterprise fund debt of $22,682,968.
Why it matters: The report provides the council and public with an early-year fiscal snapshot showing modest revenue growth, enterprise fund net income for January and expenditures generally tracking under budget, information the council will use to evaluate midyear adjustments and capital planning.
Ending: Councilors had no follow-up questions recorded in the transcript; the packet was accepted as presented and the meeting proceeded to the consent agenda.
