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Council member presses staff on roughly $400,000 revenue shortfall; staff says 2025 books are not closed
Summary
A council member asked whether unspent 2025 allocations remain after noting an approximate $400,000 revenue gap; staff said year-end accounts are still open and could not confirm carryover balances, noting 2026 pressures from snow and electricity.
A council member (referred to in the transcript as Speaker 1) asked for clarification about municipal finances, saying the city faces "like a $400,000 gap" between revenue and expenditures and pressing whether any 2025-allocated funds remain unspent.
"But we have, like, a $400,000, gap between revenue," the council member said while reviewing the budget slides and asking whether funds earmarked for street lighting and a $10,000 traffic-design item were still available.
A staff member responding later in the meeting said the books for 2025 are not closed and staff could not yet confirm final balances. "The books aren't closed for 2025," Speaker 4 said. "We don't know... I won't really know until 2025 close. For 2026, we've already went over on snow and now on the electricity."
The transcript indicates the council member was seeking whether previously allocated funds would carry over into the next fiscal year and whether line items (street lighting, traffic design) had unspent balances. The staff response made clear that year-end reconciliation is pending and that staff could not confirm remaining balances at the time of the meeting.
No formal budget adoption, vote or amendment is recorded in this segment of the meeting; the exchange was a request for clarification and a staff explanation of the timing and uncertainty of closing fiscal year accounts. The council member said a further update would be desirable; the Chair indicated an update would be provided the following week.
