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Finance director: November shows timing‑driven revenue dips, year‑to‑date spending aligns with budget
Summary
City finance director Kevin Carwin reported November variances — sales tax down and timing effects on grant reimbursements — but said year‑to‑date expenditures are in line with the fiscal plan; council approved the November budget report.
City Finance Director Kevin Carwin presented the November 2025 financial report and told council the month included timing‑sensitive revenue changes that produced some year‑to‑date deficits but overall remain aligned with the adopted fiscal plan.
Carwin reported sales tax receipts were down about $22,300 (roughly −10.7% from the prior year) and that grant reimbursement timing caused larger swings in the state/federal category. He said building permits were up about $12,000 for the month and interest income had a small uptick. On a year‑to‑date basis the general fund and some proprietary funds showed negative variances; Carwin said the city was approximately 17% into the fiscal year and spending ratios were consistent with expectations.
Council members questioned electric‑department revenue and the impending switch to open‑market participation in April; Carwin said the city is tracking where it needs to be and that changes tied to larger customers (for example, occupancy at a former big box building) could materially affect loads and revenues.
Council approved the November 2025 budget report on a motion and recorded roll‑call votes.
