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City treasurer reports strong cash position in Q1; Project Gemstone timing affects some receipts
Summary
City Treasurer Jared Impey reported about $108 million in cash on hand for the fiscal first quarter (Oct–Dec) and positive activity across funds; he said delays in Project Gemstone will postpone some anticipated receipts, including a $400,000 indexed mitigation payment.
City Treasurer Jared Impey presented the fiscal 2026 first‑quarter update covering Oct. 1–Dec. 31, 2025. Impey said the city had roughly $108,000,000 in cash on hand at the end of December and that the general fund showed a positive variance of about $2.2 million through the first three months.
Impey walked council through individual funds: water funds…
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