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Budget manager warns of slim reserve margin and modeling shows a $1.37M midyear gap under conservative assumptions
Summary
Budget Manager Alex Morgan told the council the city’s revenues are tracking near budget but warned of a projected $1,370,000 fund‑balance reduction under conservative assumptions, noted personnel and health‑care costs as principal pressures and flagged a possible one‑time contingency tied to an EBS project that could improve the '26–'27 outlook.
Alex Morgan, the city’s budget manager, presented the midyear financial update to the Independence City Council on Feb. 9 and described a cautious outlook: revenues are generally tracking to budget, but a conservative forecast shows a projected $1,370,000 reduction in fund balance and leaves unassigned reserves only slightly above the city’s 16% policy threshold.
"We would be looking at a $1,370,000 fund balance reduction," Morgan said, adding that the modeled unassigned fund balance would sit just above the city’s policy floor by roughly $100,000 if the projection holds. Morgan urged councilors to treat the fund…
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