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Owensboro posts modest revenue gains in August; transfers and timing drive expenditure variance
Summary
City finance staff reported August revenues slightly above budget and year‑to‑date expenditures below budget due to timing and transfers; the commission moved to file the report for audit after questions about occupational tax trends and employment metrics.
Angela Wanninger presented the August 2025 financial report and two‑month year‑to‑date figures to the Owensboro Board of Commissioners on Oct. 7. For August, she said actual revenues were $5,433,698 versus budgeted revenues of $5,326,409, a variance of about $107,003 driven largely by higher insurance premium activity and license fees. For the two months ended Aug. 31, the report showed actual revenues of $10,883,154 versus budgeted expenditures of $10,878,138, a small positive variance.
Wanninger said August expenditures were lower than budget for the month, producing a year‑to‑date variance attributable primarily to timing differences and transfers — including transfers to Owensboro Municipal Utilities (OMU) — and savings in personnel services and capital spending timing. She told commissioners OMU is working to settle reimbursements related to transfers.
Mayor Pro Tem and commissioners asked whether occupational tax trends indicated a local employment slowdown; Wanninger said she had not seen evidence of a downturn and that occupational withholding can vary by timing and large payroll events. Later the city manager cited county employment counts as higher than last year.
After discussion, the commission moved and seconded to file the report for audit; the motion carried on a voice vote recorded as 'Aye.' The presentation was filed and will proceed through the standard audit process.
