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Council accepts February and March 2026 financial reports
Summary
The council accepted the city’s February and March financial narratives: February assets on hand $13,503,418.97 (cash on hand $6,725,987.59); March assets on hand $12,258,687.86 (cash on hand $5,485,325.22).
City staff presented February and March financial reports at the May 11 meeting and the council voted to accept both monthly reports.
For February, staff reported assets on hand of $13,503,418.97 and cash on hand of $6,725,987.59. Year‑to‑date tax receivables collected for the 2025 commitment were $81,262.98, leaving a balance of $903,298.68; overall collection at that point was reported as 91.7 percent.
For March, assets on hand were $12,258,687.86 and cash on hand was $5,485,325.22. Staff reviewed liabilities, fund balances and month‑to‑month revenue and expense comparisons and answered council questions. Council moved to accept each monthly report; motions were seconded and passed by voice vote.
