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City finance director reports $52.8 million cash position; cemetery perpetual care fund shows shortfall
Summary
Finance Director Lance told the council the city ended the month with $52,812,000 in cash and reported department budget-to-actuals for September 2025; he flagged a deficit in the cemetery perpetual care fund and noted the numbers are unaudited and may change after depreciation adjustments.
Lance, identified as the city’s finance director, presented the September 2025 budget-to-actual report and said the city held $52,812,000 in total cash at month’s end. He told the council that a large property-tax inflow in September and receipts to the TIF/CRA and sales tax funds drove the month’s increase.
Lance said departments generally remained below 100% of budget for the fiscal year, with streets at about 45% of planned spending because a planned chip-seal project did not occur. On revenues, he said anticipated bond proceeds did not materialize this year, which reduced receipts in some funds but can be deferred to the next year.
On the cemetery perpetual care fund, Lance said expenditures exceeded receipts (he described the fund as “negative this year”), noting the council previously budgeted $350,000 out and expected about $80,000 in. He said the city moved a $350,000 transfer into the general fund rather than the perpetual-care fund to allow the latter to rebuild.
Lance emphasized the reported numbers are unaudited and subject to change after the formal audit and depreciation adjustments. Councilmembers asked clarifying questions about capital equipment timing (trucks still pending), and Lance said several capital items might be charged to the next fiscal year.
The council moved to receive the September financial report and approved the action on a voice/roll-call vote.
