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Treasurer: Lewiston's preliminary FY2025 close shows $1.7 million excess of expenses over revenues; key grant received in advance
Summary
City Treasurer Amy Gordon presented preliminary FY2025 numbers showing $29.6M in year-to-date revenue and $31.3M in expenses (an $1.7M gap); after excluding assigned reserves the unassigned fund balance reduction is about $1.3M, consistent with the adopted budget. Councilors asked about reserves and the use of a $3.7M advance grant.
Amy Gordon, Lewiston's city treasurer, presented the city's preliminary financial report for the fiscal year ending Sept. 30, 2025, and answered council questions about reserves, grant accounting and year-end entries.
Gordon said the general fund shows year-to-date revenue of roughly $29,600,000 and year-to-date expenses of about $31,300,000, meaning an excess of expenses over revenues near $1,700,000.…
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