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Florence officials say midyear revenue tracking but flag personnel, overtime and one-time anomalies
Summary
At a Jan. 13 work session, town staff told Florence leaders that midyear FY26 revenues are tracking near budget after recent receipts but warned personnel costs, overtime and accounting changes—such as a new fleet internal service fund—could push expenditures slightly over forecast.
Town staff told the Florence Town Council on Jan. 13 that midyear revenues for fiscal 2026 are tracking close to budget but that several expenditures and accounting changes require close monitoring.
Finance staff reported that, after updated receipts, the town had collected about 49.2% of budgeted revenues by December, up from the 47.4% figure shown in earlier packets. Staff noted a possible “San Tan effect” after neighboring San Tan Valley received vaccine-like-ticket (VLT) and HEERF distributions that could change how state-shared revenues flow to Florence. “We did budget conservatively on state…
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