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Englewood finance director: April report shows revenues on track, $1.2 million operating deficit
Summary
Director of Finance Kevin Ingalls told the City Council at a June 2 study session that April 2025 revenues and expenditures are tracking near expected seasonal levels, with an April operating deficit of about $1.2 million and a projected general fund balance near $19 million for 2024.
Kevin Ingalls, Englewood’s director of finance, presented the city’s April 2025 general fund monthly financial report at the City Council study session on Monday, June 2. Ingalls said revenues are “right at a third of budget” about one-third of the way through the year and overall are roughly $900,000 higher than the same period last year. Sales and use tax is down about 1% year over year, while licensing and permitting have increased because of a large construction project.
Ingalls told council that…
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