Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Colfax council unanimously adopts midyear budget amendments, cites sales-tax dip but healthy reserves
Summary
Colfax City Council on March 11 approved three midyear amendments to the FY2025–26 budget—restoring a $25,000 downtown CIP rollover, adding $19,370 for accounting software modules, and removing a $27,000 sewer item—while staff warned sales-tax receipts are down and reserves remain healthy.
Colfax City Council voted unanimously March 11 to adopt midyear adjustments to the city’s FY2025–26 budget, approving a package of three technical amendments that staff said are absorbable given the city’s currently healthy reserves.
Katrina Olsen, the city’s administrative services officer, told the council that general fund revenues as of Dec. 31, 2025, were $1.14 million of $2.69 million budgeted (42%), and that sales-tax collections—Colfax’s largest general-fund revenue—showed a notable decrease from the prior year. "You do have a very healthy unrestricted fund balance right now of over $5 million," Olsen said, while also noting…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
