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August financials show revenue above budget; draft audit (ACFR) to be finalized Oct. 7
Summary
Finance Director Sherry Roberts presented August 2025 financial reports showing property tax receipts exceeding projections and healthy fund balances. The city also received a draft of the annual comprehensive financial report (ACFR); the final document will be presented to council on Oct. 7 and must meet statutory audit timelines, Roberts said.
Finance Director Sherry Roberts presented the city's August financial reports and a draft of the annual comprehensive financial report (ACFR) at the Sept. 16 council meeting.
Roberts said property‑tax collections were "coming in better than 100%" versus budget and that sales tax receipts for the month were modestly higher than the same month last year. She reported general fund revenues exceed budgeted projections and expenditures are below budget, and described transfers…
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