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Alva holds public hearing on fiscal 2025-26 budget; city manager presents figures
Summary
City staff presented the proposed FY 2025–26 budget at a public hearing; the plan showed a balanced general fund and detailed revenues, expenditures and transfers for multiple funds. Council will consider final approval in June in accordance with state statute.
The Alva City Council opened a public hearing on the proposed FY 2025–26 budget and heard a detailed presentation from the city business manager.
City business manager Steve Ford (as recorded in the meeting) outlined the major figures for the budget: general fund revenues of $6,236,940; a transfer from the utility authority of $2,638,816; dedicated sales tax receipts of $369,694; and general fund expenditures of $8,136,156. Ford stated the proposal represents a balanced budget, saying, "It's a balanced budget."
Staff also reviewed other funds included in the budget documents provided with the agenda: an airport fund with projected revenue of $710,180, a street and alley fund showing revenue and expenditures with an expected surplus rollover, a donation fund and a capital improvement fund with an anticipated $320,000 transfer in. The utility authority (AUA) budgeted $5,028,002.50 in revenue and planned transfers to the general fund. The total budget across all city areas was presented as $17,814,005.27 with transfers in of $3,111,009.10 and transfers out of $2,765,005.94.
Ford asked whether there were questions from council or the public; none were offered during the hearing. He thanked staff for their work preparing the documents and noted the council is scheduled to approve the budget in June "in accordance with state statute." The hearing provided the required public comment opportunity before final action.
No formal budget vote was taken at the hearing; the council will consider final approval at a subsequent meeting in June.
