Rapid City’s Legal and Finance Committee on Oct. 30 received a finance report showing modest revenue growth and approved a second reading of a supplemental appropriation totaling $5,386,440.07.
Director Ainsley told the committee the city’s 2% general sales tax for August was up 3.45% compared with the same month a year earlier and that year-to-date growth was reported in the range of 3.16–3.18%. He said the tourism (BBB) tax rose 12.81% in August but warned some of that reflected late hotel filings from July that shifted revenue into August.
Ainsley reported the general fund’s undesignated cash balance as a negative $2,300,000 but said that figure was expected to move positive once November property-tax receipts are collected. He also summarized treasury figures that were read aloud during the meeting; the transcripted total cash figure appears garbled and was announced as “$208,208,100,000.0.” The committee’s action and clarifications reflect Ainsley’s statement that these supplemental appropriation items were purchase orders opened in 2023 for goods and contracts finalized in 2024 and that cash disbursements already appear in treasury balances.
On consent items the committee approved a $39,000 Community Development Block Grant contract with Volunteers of America and authorized a $43,491.40 Senate Bill 168 grant to the police department to help fund a portion of a high-risk-youth coordinator position. On the non-consent calendar, the committee approved the second reading of Supplemental Appropriation No. 6, $5,386,440.07, which the director said is split across several governmental and enterprise funds and reflects 2023 purchase orders completed this year.
Actions recorded at the meeting were routine voice-vote approvals; the meeting minutes show motions were moved and seconded and the motions carried.
The committee will proceed with routine budget monitoring and expects property-tax receipts in November to affect the undesignated fund balance.