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Loomis midyear budget: sales-tax gains lift general fund; staff outlines ERP and fee updates
Summary
Finance staff reported a roughly $4.3 million general-fund balance as of June 30, 2025 and year-to-date revenues above budget driven largely by sales tax; forecasted a conservative year-end surplus and previewed an ERP procurement, a service-fee update and a long-range financial forecast.
The Town of Loomis’s finance director told council on Feb. 10 that year-to-date sales-tax receipts have outpaced budget expectations and that the town’s general fund balance stood at about $4.3 million as of June 30, 2025. Finance Director Ted said sales-tax growth and underspending on some capital projects are the primary reasons the fund balance is higher than projected; staff conservatively forecast a $500,000–$700,000 general-fund surplus for the fiscal year.
Ted outlined several near-term administrative projects: (1) the town has narrowed an ERP (enterprise resource planning) procurement to two…
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