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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 finalists and expects a contract recommendation in March or April for finance modules; (2) staff will issue an RFP for community-development software modules (permitting, code enforcement, business licensing) after finance selection to ensure interoperability; (3) the town is updating service fees using a cost-based methodology and will propose updated schedules in the coming months; and (4) work has begun on a long-range financial forecast (potentially out to 20 years) to guide capital decisions.
Council and members of the public asked whether recent sales-tax gains were tied to specific large retailers; the finance director said by law staff cannot name specific businesses in public reporting but confirmed sales tax is the principal driver. Multiple speakers raised questions about a recent library-related sales-tax measure: staff explained the ballot measure was a general-sales-tax measure (not a special tax) and that the library operating budget will be covered by that revenue, with any excess remaining in the general fund. A public commenter (Miguel, online) asserted Costco-related sales tax has generated "a little over $2,000,000" in recent revenue and urged that surplus funds be reserved for a future library expansion; staff said they will provide clarifying detail on fund allocations and long-range capital planning.
Council asked whether capital projects could be accelerated; staff said many projects are multi-year and that pace is driven by project schedules and staffing; staff noted interagency piggybacking opportunities with Placer County to reduce mobilization costs and achieve economies of scale. Ted said follow-up items will include detailed capital spending schedules, a proposed timetable for updated fees, and staff recommendations on ERP and community-development software procurement.
