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Boerne's first-quarter financial report: revenues tracking and permit activity strong
Summary
Finance Director Sarah Buckalew told council the city's first-quarter revenues are largely on track: ad valorem receipts at about 86% of budget, sales tax near projections, permit revenue strong and a 12-month hedge finalized to stabilize gas rates. Council voted to receive the report 5-0.
Boerne's finance director presented the first-quarter financial and investment report for the period ending Dec. 31, 2025, to the City Council on Feb. 24 and said overall revenues and rates are tracking in line with the budget.
Sarah Buckalew reported that ad valorem receipts are approximately 86% of the budget so far, of which 84% is from the current tax roll. Sales tax revenue is near projections (about 2.7% year-to-date against a 3% budget projection). Permit revenue is performing well, representing roughly 20% of the budget at the end of the first quarter (the quarter is typically light; Buckalew noted several larger projects coming online). Water and wastewater collections and gas consumption are near expectations. Buckalew also noted the finance team finalized a 12-month hedge intended to help stabilize gas rates for customers.
Councilmembers asked clarifying questions and praised the finance team's reporting. Councilmember Macaluso moved to receive the first-quarter financial and investment report and Councilmember Willison seconded; the motion passed 5-0.
Buckalew said staff will return with the comprehensive annual financial report (audit) at the next meeting and that a gas-rate discussion is scheduled in a subsequent meeting during the budget cycle.
