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Perry reports solid FY2026 revenue performance; development fees drive some fund volatility
Summary
City Recorder/Finance Director Shanna Johnson told council that through February the General Fund had collected 71% of expected revenues through 67% of the fiscal year, expenses were below benchmark, and nonoperating revenues in the Water Fund spiked due to West Meadows Phase 1 impact fees; sales tax is 6.28% over budget year-to-date.
Perry City’s fiscal-year 2026 budget is performing ahead of midyear expectations in several areas, City Recorder and Finance Director Shanna Johnson reported to the council.
Johnson said General Fund revenues were at 71% of the annual projection through February (67% of the fiscal year elapsed), with property taxes at 68% and most revenue categories exceeding the proportional benchmark. General Fund expenditures were about 56% of budget, below the 67% benchmark. Johnson flagged that community development had some expense overages tied to subdivision work but that those costs are typically offset by related revenues.
In enterprise funds, Johnson reported sewer operations at 64% of expected collections with user rates at 69% and strong connection fees due to new development. Water operations were at 73% of expected collections and nonoperating revenues for the water fund were unusually high (reported at 525% of expected for that line item) because of West Meadows Phase 1 impact fees from recent development. Storm drain and garbage funds were within expected ranges. Sales tax receipts were 6.28% above budget and ahead of the previous year by roughly $76,000.
Johnson described the large nonoperating revenue as a development-driven spike rather than recurring operational income and said staff will monitor these figures and provide timeline comparisons for presenting the tentative budget in April versus waiting until May.
The council discussed scheduling and agreed that staff would survey council availability for April meeting dates and provide comparisons of budget presentation options.
