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Lakeville reports stronger-than-expected 2025 revenues; fund balance up about $2.2 million
Summary
Finance staff told the council 2025 revenues were roughly $840,000 over budget and expenditures were under budget, producing about a $2.2 million positive change in the general-fund balance; franchise-fee receipts are on track to support planned fire-station debt.
City finance staff presented a preliminary 2025 general-fund financial report at the March 16 council meeting, saying revenues finished roughly $840,000 over budget while overall expenditures were about 3.5% under the amended budget. The result, after transfers including a prior-year public-safety transfer used for land purchases,…
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