Milton reports stronger-than-expected third-quarter revenues; TIB grant boosts SR 99/Porter Way project
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Summary
Interim Finance Director Michelle Robec told the city council that most operating funds are above the 75% baseline through the third quarter, with general fund revenues at 85.5% and capital grants including about $2.5 million in TIB funding for the SR 99/Porter Way project.
Interim Finance Director Michelle Robec told the Milton City Council on Nov. 10 that the city's third-quarter revenues are generally ahead of expectations and that several funds are showing healthy balances heading into year-end.
Robec said the city uses a 75% baseline for third-quarter activity, and reported general fund revenues of 85.5% and expenditures at about 68%. "Revenues look great at 85.5% with all revenue categories above 75%," she said. She noted the asset replacement fund is at 77.2% and that the capital improvement fund includes about $2,500,000 in TIB grant revenues received for the SR 99/Porter Way project.
Why it matters: the stronger revenue performance gives the council more flexibility for year-end transfers and capital work while highlighting areas where timing or one-time items drive variances. Robec walked the council through each fund: the street fund (revenues 76.3%, expenditures 56.7%), criminal justice fund (revenues 75.4%, expenditures 65.8%), and community events fund (primarily Milton Days activity). She also noted expenditures already recorded for two police vehicles and the purchase of e-bikes from the drug-seizure fund.
Robec flagged several items that affect year-end accounting: annual insurance and membership costs that pushed other central services above budget, timing in clearing accounts that can make non-expenditure lines look high, and interfund transfers that will be recorded near year-end. She reported that the automated traffic safety camera fund is now active and will generate increasing revenues, and that traffic and parks impact-fee funds have already surpassed annual budget amounts due to large development payments.
Robec also described capital work under way, including SR 99/Porter Way intersection improvements, a community park outdoor meeting venue and citywide parks upgrades. "Larger expenditures in the fund to date include expenditures for the SR 99 in Porter Way intersection improvements," she said.
The council had no substantive objections to the report; Robec closed by offering to provide additional detail on any fund as requested. The third-quarter report will inform the upcoming 2026 budget conversations scheduled for Nov. 17 and final approval on Dec. 1.
