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Finance director reports strong first-quarter revenue; expenditures near budgeted levels
Summary
City finance director Dave Godick presented the city’s quarterly financial statements showing year-to-date revenues of about $43.5 million and expenditures at roughly $22.8 million through March 31; staff said no fund draw is expected at this time but noted several cost pressures including fire department overtime and outside legal fees.
Dave Godick, the city’s finance director, presented the first-quarter financial report to the Janesville Common Council on April 28, reporting year-to-date revenues of about $43,500,000 through March 31 and year-to-date expenditures of roughly $22,800,000.
Godick told the council that roughly 73% of budgeted revenues are recognized early in the year because property tax revenue is recorded in January; he cautioned that the share of property taxes (88% of recognized revenue now) will decline and is expected to settle near 65% by year-end. Permit revenue year-to-date is down about $103,000, driven largely by commercial permitting, while ambulance and investment revenue were noted as up.
On expenditures, Godick said operating spending is about 24% of budgeted amounts year-to-date—slightly below a straight-line 25% expectation—though some categories exceed timing expectations. Information technology costs were about 38% of budget due to contract timing. The finance director also flagged outside attorney costs and public-safety staffing pressures, particularly within the fire department where overtime and vacancies have previously prompted supplemental appropriations. Godick said the adopted 2025 budget was balanced with no planned fund draw; at present staff do not expect a fund draw but said they would return to council if fund balance exceeds policy thresholds and additional appropriations are recommended.
Council members had no substantive follow-up questions during the presentation. The financial update was delivered as an informational report; no vote was required.
