Plano posts preliminary financial figures showing $16.9M general-fund increase; water and sewer fund down
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Summary
Finance and treasury staff presented the preliminary comprehensive monthly financial report (year ended Sept. 30, 2025) showing a $16.9 million net addition to the general fund balance and a $20.7 million decrease in the water and sewer fund; treasury reported portfolio yield around 3.68% and high liquidity.
Denise Tackey, Plano’s finance director, and Mark Whitaker, the city treasurer, presented the city’s preliminary comprehensive monthly financial report and the quarterly investment report at the Dec. 16 council meeting.
Tackey said general-fund revenues for the fiscal year were approximately $391.1 million, equal to 102.9% of the reestimated budget; property taxes accounted for about 45% of revenues. Sales-tax receipts were higher than projections at about $131.8 million (105.8% of reestimated budget). She said the city added roughly $16.9 million to the general fund balance this year, attributing the gain to cost-saving measures. By contrast, Tackey said the water and sewer fund balance decreased by about $20.7 million versus prior years.
Tackey highlighted changes in revenues and expenses year over year: general fund revenues increased by about $28.9 million from the prior year, including a $10.6 million increase in property taxes and a $13.4 million increase in sales taxes. She also noted reductions in personnel costs tied to a prior hiring freeze.
Mark Whitaker reviewed the city’s investment portfolio, reporting a portfolio yield of about 3.68% as of Sept. 30, 2025, and a quarterly average yield of 3.63%. Whitaker said roughly 51% of investments mature within one year (providing liquidity) and the city had reinvested approximately $119 million during the quarter across agencies, CDs and municipal bonds. He said interest earnings for the quarter totaled about $6.2 million and described the city’s strategy for matching maturities to cyclical revenue and debt-service needs.
Whitaker said no changes to brokers or the investment policy were recommended and reviewed how the city times investments around expected tax receipts and large debt service outflows. Council members questioned the drivers of a weaker water and sewer fund performance; finance staff attributed it primarily to weather-related lower water consumption in a wetter year.
No budget vote or policy change was taken at the meeting; the reports were presented as informational and staff said the city’s audit remains nearly complete.
