Altus council adopts FY2025-26 budget; revenues largely flat, expenses rise about 4.3%
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Summary
The Altus City Council adopted the fiscal year 2025–26 consolidated budget and established budget amendment authority. City CFO Jan Neufeld presented the budget book, noting roughly $183 million in revenues and $170 million in expenses; revenues are down about 0.54% and expenses up about 4.29% compared with the prior year.
The Altus City Council voted to adopt the fiscal year 2025–26 consolidated budget and to establish budget amendment authority, after a presentation by Jan Neufeld, the city’s chief financial officer.
Neufeld told the council the consolidated proposed expenses total about $170 million and proposed revenues about $183 million. She said the budget shows revenues down roughly 0.54% and expenses up about 4.29% compared with the previous fiscal year and that available fund balance (carryover) is being used to make the budget work without immediate amendments.
The budget book Neufeld displayed is published on the City of Altus website under the Finance Department and includes an executive overview, an all-fund summary, department-level detail and a capital request list. Neufeld said capital requests prioritized by council members are shown beginning around page 155 of the book.
Neufeld said the budget is workable as proposed and that council can make budget amendments during the year if needed. She noted the document shows amended amounts for FY25 where changes occurred and the proposed FY26 columns for planning.
The council adopted the budget and the accompanying resolution establishing amendment authority. The mayor recorded a dissenting vote and later explained his “no” was a protest over the absence of a line item or multi-year plan for the city auditorium; otherwise he said the budget “looks great.”
The council asked no further detailed questions at the meeting; Neufeld and finance staff said they are available to provide deeper fund-by-fund or department-level detail on request. The budget adoption ordinance/resolution also formally authorizes staff to process routine budget amendments as described in the resolution language.
Looking ahead, the budget includes prioritized capital projects and staff said capital requests are available in the budget book for review. Neufeld said if council members want additional detail on any fund or department, they should contact Finance for supplemental materials.
