Commission approves FY2025–26 budget adjustments and hears first-quarter financial update

The East Grand Rapids City Commission approved a resolution amending the FY2025–26 budget after finance staff reviewed first-quarter results. Staff reported the city has collected approximately 99% of its budgeted tax roll receipts for the period, that general-fund expenditures were at about 21% (noting the timing of pension payments), and that the city received reimbursements from a lead-service-line discovery grant ($111,000 reimbursed this year; $253,000 total reimbursed to date).

The proposed budget adjustments covered several items carried forward from prior years, including building repairs (boilers and hot-water heaters), an airboat purchase with an initial down payment, program alignment for a newly created basketball program, and municipal-street project rollovers awaiting state invoicing. Staff also modestly increased the interest estimate used in the budget from roughly 2.75% to 3.25% to reflect market conditions.

A motion to approve the resolution amending the FY2025–26 budget was moved and seconded; the commission approved the adjustments by voice vote. No roll-call tallies were provided in the meeting record. Staff noted that some projects had been approved in prior budgets but were completed or invoiced this year, necessitating the realignment of expenditures and fund-balance use.