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City reports strong midyear general-fund performance; revenues ahead of 2024 through June
Summary
Finance Director Dave Godek reported the city’s general fund showed revenues about $2.2 million higher year-to-date than 2024 through June and expected modest year-end excess dependent on state-aid timing and interest income; permit revenue dipped but remained above budget.
Finance Director Dave Godek delivered the city’s midyear financial review July 26, reporting general-fund results through June 30 and answering council questions about revenue sources and potential supplemental appropriations.
Key highlights from the midyear update: - Revenues: Year-to-date general-fund revenues through June were about $48 million, approximately $2.2 million higher than the same period in 2024 and representing about 80% of the budgeted amount. Godek noted state aids typically arrive in August and late in the year and will affect full-year totals. - Investment income: Investment…
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