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City finance director: FY26 first‑quarter results tracking close to budget
Summary
Finance director Jen Bell told council that FY26 first‑quarter revenues and expenditures are largely on track; debt service is front‑loaded (about $1.5 million), school federal reimbursements run later in the year, and a roughly $62,000 utility undercharge will appear in Q2.
Finance director Jen Bell presented the city’s fiscal year 2026 first‑quarter report and described what is and is not yet reflected in the numbers.
Bell told council general fund revenues are timing‑sensitive: property tax receipts (due Dec. 5) and county revenue‑sharing payments typically arrive later, so Q1 comparisons can understate year‑end position. Non‑departmental spending includes debt service, and Bell said…
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