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City authorizes FY25–26 budget revisions, projects year-end fund balance above policy
Summary
Finance Director Kallie Perrin presented final-year budget amendments for FY25–26—proposing a $100,000 reduction in projected property tax revenue, lower expenditures of roughly $300,000, and targeted amendments for major/local streets, TIFA, LDFA, airport, and police pension; the commission approved the revisions unanimously.
The Sault Ste. Marie City Commission unanimously approved a package of budget amendments for the fiscal year ending June 30, 2026 after a presentation by Finance Director Kallie Perrin.
Perrin said the review covered activity through April (about 83% of the fiscal year) and that most city funds were tracking on budget. She recommended lowering projected general-fund property tax revenue by $100,000 (about 1.2% below earlier figures) and reported projected expenditures roughly $300,000 below prior assumptions; those adjustments produced a modest positive impact and an estimated year-end general fund balance near 16.5%, above the 15% policy.
Perrin detailed several fund-specific amendments: added appropriations for major and local streets and surface parking tied to higher winter maintenance costs offset in part by state snow‑subsidy reimbursements; a DDA capital project funded at $25,000 for Christmas decorations with an associated CVB donation; LDFA pass-through revenue and related appropriations tied to a gatekeeper grant to Headwaters North; an airport fund increase of $25,000 to cover unexpected maintenance during the city’s first year of airport management; and a $30,000 amendment for police pension refunds related to unvested employee payouts.
Commissioner Bosto Strath moved to authorize the budget revisions as detailed; the motion was seconded, received no further discussion, and passed unanimously.
Perrin said water and sewer funds remain on track and that stock-and-equipment internal service revenues are performing well despite added winter repairs. The commission did not take separate action on capital projects beyond approving the package of amendments.
