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April financial report: general fund near budget, water fund shows year‑to‑date deficit
Summary
City finance staff reported April results showing general fund revenues near budgeted levels and water fund expenditures outpacing revenues year to date; council members asked questions about HEERF and utility balances.
Finance staff presented the city's April 2025 financial report at the June 20 meeting, showing revenues in the general fund at near budget targets and mixed results across enterprise funds.
The presenter reported general‑fund revenues at about 99% of budget year to date through April. Local sales tax receipts for April were $1,129,993, which staff said was $358,000 lower than the prior April but $741,801 above the same point last year. Sewer fund revenues were reported at roughly 99% of budget, while the water fund showed year‑to‑date collections at 91% of budget and expenditures at about 77% of budget, which staff characterized as a shortfall that will be monitored.
Finance staff also reported HEERF and overweight permit receipts alongside current payout details. Council members asked for rounding clarification on tabular figures and raised concerns about the long‑term effect of shifting revenues, including a comment that fuel‑tax‑based funds may decline as electric vehicles proliferate.
Ending: Council accepted the report and asked staff to continue monitoring utility fund balances and to return with any necessary budget adjustments during fiscal‑year review.
