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Leon Valley posts relatively stable first‑quarter receipts; red‑light camera fund shows small unaudited loss
Summary
Finance Director Carol Gehring told the City Council that December receipts reflect October activity, department spending is generally at or below 25% of budget, and unaudited results show a roughly $32,000 loss in the red‑light camera fund after 18,177 tickets were issued and 4,527 were paid in the quarter.
Finance Director Carol Gehring presented Leon Valley’s unaudited financial report for the first quarter of fiscal year 2026 (Oct.–Dec.) on Tuesday, saying overall revenue and expenditures are tracking near expected early‑year patterns.
Gehring told the council that sales and franchise tax collections are reported with a two‑month lag, so “the sales that you’re seeing is what we received actually in October 2025.” She said license, permit and fine receipts totaled roughly $333,000, or about…
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