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Northglenn financial update: sales, marijuana tax and general fund show modest declines through May
Summary
Deputy City Manager Jason Loveland reported June collections (through May activity) showing total sales and use tax just under $12 million (down about 2% year over year), marijuana tax down about 4.9%, and general fund revenues trailing expenditures at midyear.
Deputy City Manager Jason Loveland presented the City of Northglenn’s June 2025 financial update to council, summarizing taxes, fund balances and notable year-over-year changes through May collections.
Loveland reported total sales and use tax collections at just under $12 million, about 2% below the same period last year. He said accommodations tax (hotel stays and similar short-term rentals) is down 9% and auto sales tax is down 5%, while food-and-beverage tax is up 7%. Marijuana tax collections are down 4.9% compared with prior-year figures.
On the general fund, Loveland said total revenues were about $16,490,000 with total expenditures at approximately $19.2 million at the midyear point; staff emphasized that collection and spending patterns reflect seasonality and the timing of receipts. Personnel costs are up about $1 million, or 8% year over year, which staff said aligns with budgeted expectations.
Loveland reviewed several enterprise and special funds. The conservation trust fund had $256,986 in revenue, down 14% from the prior year, with $78,000 in conservation trust expenditures noted for Greenway Trail concrete replacement. The capital projects fund showed roughly $3.9 million in revenues and $1.1 million in expenditures; revenue was composed about 80% of property, sales and marijuana taxes. In the water fund Loveland said consumption is down about 4.4% year over year with revenues of $5.7 million and expenditures just under $4.5 million. Stormwater revenue was listed at $225,000 with $343,000 in stormwater expenditures tied to an ongoing drainage assessment project. Sanitation revenue was $924,000 with approximately $1 million in expenditures.
Loveland said collection rates remain within typical ranges and highlighted that fines and forfeitures were up noticeably versus the prior year. He answered brief council questions and said staff will continue to monitor trends as the year progresses.
No formal action was taken by council on the financial presentation.
