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Denison council unanimously approves FY2025 year-end budget amendments and FY2026 appropriations
Summary
The Denison City Council unanimously approved fiscal year 2025 year-end budget amendments and five appropriations totaling about $305,000 to be carried into the FY2026 budget; staff reported net general fund revenues exceeded expectations by roughly $528,000.
The Denison City Council on Dec. 1 unanimously approved staff-recommended year-end adjustments to the fiscal 2025 budget and appropriations to move unspent funds into fiscal 2026.
Miss Lori Ostwald, who presented the year-end summary, said staff identified three types of changes — revenue amendments, expense amendments and appropriations — and that individual amendment lines totaled about $3,100,000 while net general fund revenues finished roughly $528,000 above budget. "The amendments themselves total $3,100,000 there in yellow," Ostwald said.
Ostwald told council members the utility fund also had individual accounts that required amendments — nearly $1.5 million in those lines — but that total utility fund revenues were under budget by about $593,000 when compared on a net basis. She said some receipts and expenses are timing issues that will affect the FY2026 rollovers.
Councilman Massey questioned the handling of Tazewa (spelling in the transcript varies) receipts and delinquent-tax assumptions. Ostwald said some receipts were coded directly to the restricted Tazewa account on auditors' advice and that the city historically collects delinquent taxes at a high rate; "we have an excellent collection rate, for our taxes, usually between 98, 99%," she said. Massey asked staff to provide a follow-up figure showing how carried-forward line items will affect the FY2026 budget.
Ostwald also described expense-side changes, saying five general-fund divisions required amendments totaling about $920,000 while total general-fund expenses, after offsetting underages, were roughly $1.8 million favorable to budget. She noted five appropriations are proposed to move unspent FY25 funds into FY26, totaling approximately $305,000 and all tied to the general fund.
After discussion, Councilman Massey moved to approve the FY2025 year-end amendments and appropriations into FY2026 as presented; Councilor Thomas seconded. The council voted aye and the motion carried unanimously.
Staff indicated the accounting team will begin the FY2027 budget cycle in early 2026 and will provide the additional detail requested by council members about carried-forward items and the projected FY2026 impact.
