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Carmel council gets first look at FY25–26 results; revenues overall roughly on track
Summary
City staff presented a tri‑annual budget review showing revenues are largely on pace, some timing differences in charges‑for‑services (notably ambulance) and active capital projects totaling about $12.7 million with ~$4 million invoiced to date.
Finance staff presented the city’s first tri‑annual budget report for FY2025–26, covering July 1–Oct. 31, and said preliminary indicators show revenues and expenditures generally tracking the adopted budget.
“Revenues are on track with budget and the prior year,” Jamie told the council, while noting some categories (charges for services such as ambulance billing) are a lower percentage of budget because the budget assumed procedural changes that had not yet begun on July 1.
The City reported roughly $12.7 million of capital projects authorized for the year and about $4 million in invoices received so far on those projects; staff cautioned that some projects have work completed but invoices are still outstanding. Public Works Director Shannon summarized completed and active projects, highlighted sidewalk shaving (about 6,500 linear feet) and Sunset Center elevator work, and said staffing and understaffing of project management has created schedules that require close oversight.
Councilmembers asked for more granular bank‑level detail on the Section 115 trust returns (requested during the pension discussion) and for follow‑up monitoring on revenues that are sensitive to timing. Staff recommended continued monitoring and a follow‑up tri‑annual report in spring tied to budget discussions.
What’s next: Staff will continue monthly internal reporting and bring a second tri‑annual update and any recommended budget adjustments in the spring; CIP invoicing and the public works project tracker will appear on the city’s website.
