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City reports Q1: 27% of general fund spent, $508,670 cross‑fund deficit; December spending freeze planned
Summary
City staff reported that at the end of quarter 1 the general fund had spent about 27% of its $9.47 million budget, flagged a combined $508,670 deficit across funds and announced a limited December spending freeze to preserve reserves while revenues post.
Speaker 3 presented the quarter‑1 financial snapshot, saying the city had spent approximately 27% of its general fund budget as of the end of the first quarter and that the citywide deficit across all funds was reported at negative $508,670. Speaker 3 described the deficit as largely a timing issue tied to expected incoming tax and fee revenues and said staff aim to cut the overall deficit by 50% as major revenues are received.
During the presentation, staff reviewed enterprise fund positions: electric fund balances were reported at about $1,280,000, gas at about $96,000, garbage at about $93,000 and landfill operations at a modest loss; staff said enterprise funds remain relatively strong. Capital projects were discussed—curb and gutter work approaching substantial completion (target Jan. 14) and a wastewater treatment‑facility rehabilitation and workforce housing project in permitting and design with expected movement later in Q2.
Speaker 3 said staff will monitor 10 benchmarks (including administrative cost and cash reserves) and implement a December spending freeze for nonessential items to avoid unnecessary transfers from reserves. The manager and finance presenter also flagged a plan to draw $100,000 from reserves to upgrade the cultural center (chairs and HVAC) and noted the 'Splash' fund experienced a $210,000 timing drawdown but has a fund balance.
City staff set a utility‑related performance target: an estimated 34,000,000 gallons of water loss in Q1 with an objective to reduce leak/loss volumes by at least 3,000,000 gallons by the end of Q2 through meter work and leak repairs. Staff said they will return with regular updates against the benchmarks.
