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Gun Barrel City approves FY2026 first-quarter financial report after positive FY2025 close
Summary
City Treasurer Mickey Rainey reported FY2025 revenues exceeded budget and presented the FY2026 first-quarter numbers; council formally approved the first-quarter financial report and left options for using excess fund balance to future capital projects.
City Treasurer Mickey Rainey told the City Council on Jan. 27 that Gun Barrel City closed fiscal year 2025 in a stronger position than expected, reporting revenues $427,562 over budget (7.51%). "As of September 2025, the city has completed 100% or 12 out of 12 of fiscal year 2025 as of 09/30/2025," Rainey said, summarizing year‑end results and departmental expense allocations.
Rainey said the city did not draw on the capital improvement account or the general fund balance for FY2025 and presented a year-end fund-balance figure that staff estimated could be moved into capital improvements or used to purchase capital items midyear. Looking at FY2026, Rainey reported first-quarter revenue at roughly 27.32% of the annual budget and total expenditures at about 27.87%, noting timing factors such as pay periods and quarterly fees that affect early percentages.
After the treasurer's presentation, councilmember motioned and the council voted unanimously to approve the FY2026 first-quarter financial report as presented. The council did not take immediate action on shifting fund balance; members were given the option to consider using available funds for capital projects in future agenda items. The approval leaves staff able to post full reports online for public review, as Rainey indicated.
