McGregor finance staff reports stronger revenues and $4.4M year-over-year cash increase

Finance staff presented the city's financial snapshot for the period ending Jan. 31, 2026, reporting stronger year-over-year cash positions and revenue timing effects.

Mr. Cluck told the council the general fund had recorded $3,200,000 in revenues (43.8% of budget) and $2,000,000 in expenditures (27.9%), and that utility fund revenues totaled $2,600,000 (38.2% of budget). He said the general fund net cash flow was about $542,000 higher than the previous year, with a $4,400,000 increase in net cash on hand compared with the same period last year. The finance presenter attributed much of the difference to the timing of property-tax receipts in January and to internal transfers between operating and capital accounts.

Mr. Cluck also outlined variances in enterprise funds: the exchange event center showed a revenue decline tied largely to booking cancellations carried over from the prior fiscal year, while the municipal airport reported higher revenues and higher expenses, the latter driven by personnel and ramp-grant-related capital expenditures. He said some capital costs are expected to be reimbursed by a ramp grant.

Council did not record additional action on the report beyond receiving it for the record. Staff indicated follow-up reviews will continue and that charts comparing year-over-year trends will be available to council and the Economic Development Corporation when requested.

"The general fund revenues are at 3,200,000, so 43.8%... Net cash on the bank is 4,400,000 more than the same period last year," Mr. Cluck said during his presentation.

The council recessed into closed session after the finance presentation to discuss legal and economic-development negotiations.