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Finance update: positive general‑fund variance, franchise receipts and temporary hold on SAFER reimbursements
Summary
Finance staff reported a positive year‑to‑date variance in the general fund (about $5 million), presented enterprise fund highlights (liquor-store revenue and planned transfers), and warned that federal SAFER grant reimbursements were on hold due to a government shutdown. Staff said the hold is manageable given current fund balances and stressed
Finance presented a mid-year financial update covering general and enterprise funds, special revenues and near-term budget items.
Staff reported the general fund had a positive year‑to‑date variance (approximately $5 million), noting property-tax timing and intergovernmental receipts as drivers. In enterprise funds, staff forecast a roughly 3% revenue increase for the municipal liquor operation in 2026 and described planned transfers for capital and equipment needs.
Staff noted a change in a state pass-through: the state increased the water-supply connection fee from $9.72 to $15.22 per connection per year, which staff said will be passed through to customers (an increase of about $2.43 per quarter). Staff also reported franchise-fee receipts (cable franchise) and said some franchise payments remain pending for later quarters.
Finance said federal SAFER-grant reimbursements were temporarily on hold because of a government shutdown; staff characterized the hold as a timing issue that the city can manage given current working capital. Staff also summarized procedural items: completion of the 2024 audit, process-improvement work in finance, and modest year‑to‑date expenditure savings across funds.
No ordinance or appropriation action occurred; staff will continue monitoring receipts and will present more complete quarterly figures when pending franchise payments arrive.
