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Interim finance director briefs council: revenues mixed, expenditures tracking below pace; overtime up from snow removal
Summary
Interim Finance Director Aquaneta Harris reported March results showing several local tax sources meeting or exceeding budget while expenditures tracked at about 68% year-to-date; overtime costs exceeded the annual budget largely due to snow removal and staffing constraints.
Interim Finance Director Aquaneta Harris presented the city’s monthly financial report for the period ending March 2026, detailing revenue performance, expenditure pacing and specific line-item concerns.
Harris reported that several local tax categories were meeting or exceeding budget: real estate collections at 79% of budgeted receipts, penalties and interest at 96%, business license at 101%, and public service tax at 95%. She noted consumer utility tax was at 71% and said some categories are affected by timing differences in receipts. Sales tax receipts showed a modest year-over-year increase of about $94,000 for the period reported.
On expenditures, Harris said total spending was tracking at about 68% of the annual budget nine months into the fiscal year and that deferred capital maintenance remains under monitoring. She told council overtime costs have exceeded the annual budget largely because of increased labor demands for snow removal and staffing shortages in some departments. Regarding a pending facilities project, Harris reported elevator replacement parts are special-order and might arrive in July or August.
Council thanked staff for budget discipline and asked for follow-up reporting on deferred capital and elevator timelines.
Closing: Finance will continue monthly reporting and track deferred capital work; council will reconvene May 11 to adopt the FY 2026–27 budget.
