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Hobbs finance staff reports city roughly halfway through budgeted spending; cash position remains strong
Summary
Assistant Finance Director Deb Corral told the commission the city is trending at about 50% expended across funds, reporting roughly $195 million beginning‑of‑year cash, about $83 million collected in revenue, and an ending cash balance she reported as roughly $207 million; commissioners approved the DFA financial report.
Assistant Finance Director Deb Corral presented the City of Hobbs’ DFA financial report for December 2025 and said the city’s expenditures and revenues are tracking near the mid‑year point.
Corral said the city is "trending about 50% to actual" across funds and that the average expended is roughly 52%. She reported the city began the fiscal year with about $195 million in cash, has collected roughly $83 million in revenue, and spent about $73.4 million so far; she said the ending cash balance is approximately $207 million. (The spoken figures in the meeting included fragmented numeric phrasing; figures above are reported here as stated by the assistant finance director.)
Commissioners asked no follow‑up questions, and a motion to approve Resolution 77‑28 passed by voice vote.
Mayor Senna and commissioners thanked finance staff for rethinking the budget as the city manages the effects of state policy changes and operational pressures.
