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Clearfield finance staff reports mixed early indicators in FY2026 first-quarter update
Summary
City finance staff told the council that summer water consumption rose 10% year-over-year, investment earnings were $2.6 million across funds, and a $9.5 million water fund loan had its first $830,000 payment. An increase in the state sales-tax administrative fee will slightly reduce receipts.
At the council's meeting staff provided a first-quarter fiscal update for fiscal year 2026 (July'September), noting early trends that staff said warrant monitoring but are too early for firm projections.
Finance staff reported summer water consumption was about 10% higher than the previous year, with commercial consumption up 14%, multifamily up 12% and residential up 8%. "People are watering their yards," staff said, and staff also noted incremental gains from improved metering.
Investment earnings across all funds were reported at about $2,600,000 against a $500,000 budgeted line; staff explained that higher cash balances in capital project funds (drawdown on the 2021 bond) and a $9,500,000 loan in the water fund contributed to that figure. The water fund made its first loan payment of $830,000 on that $9.5 million loan.
The city was notified of a state change raising the sales-tax administrative fee from 0.65% to 0.8%. Finance staff estimated that, if applied to last year's receipts, the change would have reduced Clearfield's receipts by about $11,000; the change takes effect in January.
Staff also reported curbside-garbage program statistics: 6,174 accounts total, with 37% signed up for green waste, 52% for recycling and 34% for extra garbage cans; staff noted an 8% decrease in extra-can usage compared with prior to green-waste enrollment and attributed some shifts to program swaps.
Council members asked clarifying questions. One member asked about a $125,000 increase in contracted services and whether it was related to extended hours or weather impacts; staff said they would follow up after a final accounting.
Finance staff emphasized that the update covers only three months of data and that projections remain tentative. No formal fiscal actions were taken at the meeting beyond the presentation and Q&A.
