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City finance director reports revenues near budget and forecasts stronger ending fund balance
Summary
Finance Director Scott Turges told the council the city’s revenues through March are generally on track, with property‑tax collections near budget and several sales‑tax categories ahead of last year; he projected an ending general‑fund balance higher than budgeted but noted a built‑in budget deficit of about $2.7 million to be managed through expenditure controls.
Finance Director Scott Turges presented the city’s quarterly financial report on April 21, saying most revenue categories through March are tracking close to budget and some are ahead of prior year collections.
Turges reported base property‑tax collections of about $8.316 million against a budgeted $8.322 million and said the city has sufficient general‑obligation bond revenue to make debt‑service payments. Motor‑vehicle fee‑in‑lieu collections and transient‑room tax collections showed variability tied to registration timing and ski‑season performance. Sales tax and county‑shared taxes were described as running in arrears by approximately one to two months for reporting purposes but overall ahead of the prior year by roughly $185,000.
On expenditures, Turges said departments have held spending down and the city is roughly $292,000 ahead in year‑to‑date spending versus the prior year; he noted a built‑in net deficit in the current budget of about $2.7 million. Turges projected the city’s 2026 year‑end general‑fund balance may land near $4.0–4.4 million compared with a budgeted $3.4 million, depending on remaining collections and seasonal spending.
Council members asked clarifying questions about percentage displays on slides, the timing of sales‑tax reporting and categories such as licenses and fees; Turges said he would add trend detail for licenses, fees and interest revenue in future reports. He said he saw no immediate red flags but recommended continued conservative spending and staff follow‑up on revenue trends.
