City of Idaho Falls staff presented preliminary fiscal year‑end figures and answered council questions about cash balances, investments and department variances. The presentation attributed much of the four‑year increase in cash balances to timing around Idaho Falls Power construction and bond drawdowns plus accumulation of impact fees for capital projects. Councilors were told staff will provide an annual report enumerating impact‑fee projects.Mark Caddo, identified in the meeting materials as the city treasurer, described the city’s investment approach as prioritizing safety, then liquidity, then yield, and said the portfolio is diversified across treasuries, agency securities, investment‑grade corporate bonds, certificates of deposit and short‑term pooled products. Officials said the city typically ladders about three‑quarters of investments to two years and keeps a portion available for near‑term capital needs.Officials noted certain funds changed because of capital activity and grant timing. Grants tied to the airport terminal expansion drove a large intergovernmental revenue variance: staff said the budget reflected the full grant award but the city has not yet drawn the majority of those funds. On ARPA, staff reported the city received $10.5 million, had drawn almost $10 million and had approximately $572,000 remaining for specific projects with a spending deadline noted in the presentation.Staff also reviewed department variances: Fire and EMS was above its operational budget due to recently added personnel for airport operations, leave coverage and equipment that arrived late; parks and recreation under‑spent in part because grants and turnover reduced outlays this year; municipal services and public works displayed timing‑driven underspends for large capital orders and projects that roll into the next fiscal year. The presentation noted roughly $42 million in outstanding purchase commitments at year‑end and that debt service actuals were higher than budget because bonds were issued after budget adoption.Staff emphasized these are preliminary budget‑basis numbers and will be reconciled to GAAP during the audit process. They also previewed improvements expected from a new financial system to provide clearer month‑to‑month reporting and to reduce year‑end conversion work."We've been very limited on what we spend the impact fees on," said Mark Caddo, city treasurer, in response to a councilor’s question about restrictions on impact‑fee use. "I will actually be submitting an annual report identifying those projects."The presentation closed with a reminder that many variances are timing issues and that staff will return with the proposed purchasing policy language and further detail on department‑level budget performance.