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Middleton treasurer reports FY2025 revenues exceeded budget; several capital projects deferred
Summary
Treasurer Miss Miles told the City Council that unaudited FY2025 revenues were $29.27 million versus a $28.04 million budget and that many planned expenditures were delayed into 2026, leaving substantial uncommitted fund balances to consider for future projects.
Treasurer Miss Miles reported to the Middleton City Council on Dec. 3 that unaudited fiscal year 2025 revenues totaled $29,270,970, about $1.23 million above the $28,042,820 budgeted, driven largely by higher-than-expected commercial activity and building-permit receipts.
Miles said the city’s actual spending through the year was $14,712,973 against a budgeted $28,042,820, a variance she attributed to several items that were budgeted but not spent: anticipated council pay increases, higher-than-needed engineering budgets, an…
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