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Finance officer: council close to structurally balanced 2026 budget; recommends small adjustments
Summary
Finance Officer Misty Summers Walton reported the city is close to a structurally balanced 2026 general fund budget and proposed a modest $2,312 revenue addition plus a $10,000 contingency transfer to achieve balance; the appropriation ordinance is scheduled for introduction Sept. 2.
Finance Officer Misty Summers Walton updated the council on the 2026 budget process and presented financial reports through July 30. She told council the general fund was within $12,312 of being structurally balanced and proposed adding $2,312 to the municipal sales tax estimate and using $10,000 from contingency to achieve a structurally balanced budget.
Misty reviewed several routine financial items: year‑to‑date profit and loss (noting some enterprise funds remain temporarily in the red pending utility receivables posting), a maturing water debt‑service US Treasury bond (the council authorized reinvestment earlier in the meeting), and proposed initial migration costs for Microsoft Exchange (a one‑time $1,500 supplemental appropriation approved at the meeting and an ongoing subscription estimated at $300 per month to be added in 2026 budgets).
Misty said the appropriation ordinance and certificate of municipal tax levy will be introduced at the Sept. 2 meeting; publication and effective dates will follow statutory timelines. She thanked department heads for their work on the budget and commended the council for focusing on conservative, realistic revenue assumptions.
