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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 20.8% of the FY26 budget, lower than the same point last year because of timing differences in permit activity.
On the expenditure side, Gehring said departments are “at or below the 25% budget mark” with two exceptions driven by differing budget structures: information technology and events have higher percentages because their FY26 budgets are more constrained, and an animal control budget line was newly separated from the police department this year.
The miscellaneous revenue line includes a sizable component from asset sales and auctions, which Gehring said account for roughly $1.0 million year‑to‑date. She noted that those receipts fluctuate with auction timing.
The presentation included an unaudited result for the red‑light camera fund. “Just looking at those unaudited numbers, we have a loss of $32,000 on the red light camera fund,” Gehring said, and reported that the city issued 18,177 tickets in the first fiscal quarter with 4,527 paid.
Mayor and councilors asked follow‑up questions about the timing of collections, reserve balances, impound‑lot fee changes (which staff said reflected temporary impacts from construction and higher impound activity), and whether water and sewer sales will rise as new homes come online. Staff said they will provide updated audited figures when the February audit is complete.
The Finance Director characterized the quarterly picture as consistent with early‑year patterns and said staff will return with updated balances after audits are finalized.
