Finance committee: third-quarter reports show mixed results across city funds

City finance staff on the finance committee presented third-quarter fiscal year 2025 financial reports for multiple city funds, saying overall the city remains within policy targets but that revenue softness and timing issues are tightening some accounts.

Finance staff and department representatives reported individual fund highlights. Transit staff reported a $59,100 surplus for the quarter and about $163,000 in surplus year-to-date; winter storms reduced rides and fare revenue in January–February before ridership rebounded in March. The transit presenter said state operating revenue now better reflects overhead assigned to a micro-transit demonstration grant after staff reallocated project costs to the grant account.

At the regional airport, Assistant Airport Director Kathy Vance told the committee the airport enterprise continued to project year‑end positive results driven by higher landing fees, revamped car-rental agreements and stronger interest income on cash balances. Vance said terminal revenue and airfield revenue centers were above…