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City staff report revised beginning-balance figure and flag union-negotiation costs
Summary
City staff told the DuPont council the 2025 beginning general-fund balance needs correction to $574,620 and warned that unsettled Teamsters negotiations (police and firefighters) and rising insurance and construction costs could affect 2026 numbers.
City staff delivered a high-level 2025 year-end financial overview and told the DuPont City Council on May 20 that some beginning-balance numbers must be adjusted.
"Our actual beginning fund balance for 2025 was $574,620," Keith (city staff) said, asking the council to note that staff will update several line items as they reconcile revenues and expenditures. Staff also said actual ending balances were somewhat higher than budgeted in part because of stronger-than-expected revenues in categories such as permits, admissions and investment income.
At the same time, staff warned council members that outstanding labor negotiations with the Teamsters (affecting police and firefighters) will increase expenses once settled and that the city’s reserve policies remain below target (revenue stabilization and contingency funds were reported below policy goals). Council members pressed for monthly, more-detailed financial reports and asked for analysis of the potential retroactive pay impact of settled agreements.
City staff also noted inflationary pressures on materials and construction and rising insurance costs as factors that could increase future capital and operating expenditures. The council directed staff to provide clearer monthly reporting and to present updated fund-balance reconciliations in forthcoming sessions.
