Smyrna reports $5.1M general fund balance and utility statistics in May financial review

Smyrna's finance staff presented the May 2026 year-to-date financial report at the June 15 council meeting, reporting a $5.1 million balance in the general fund and detailed department and utility figures.

The report listed key fund balances: general fund $5.1 million, rainy day fund $3.2 million and capital reserve $1.8 million. Finance staff said general fund property tax receipts through May were $429,000; transfer tax $404,000; licenses and permits $162,000; and investment income on general fund accounts $135,000. Finance staff framed total general fund revenue at $1.7 million and said the town typically receives about 75% of tax revenue by July 1.

Department-level expense and revenue percentages were given: administration costs at 36% ($1.8 million), IT nearly 43% (about $600,000), police $3.1 million, public works $738,000, planning and inspections $227,000, and parks $234,000. Debt service for the general fund was presented at $419,000 (82% for the year so far).

Utility divisions were summarized with percentages and cash positions: the water department revenue at 29%, expenses at 27% and debt service at 42%; sewer revenue at 32% and an excess over of about $500,000; electric revenue at 31% with excess over about $243,000; trash revenue $700,000 (32% of budget) and a current Casella expense of $460,000 (31%). Finance staff noted a planned contract increase with Casella in September.

On accounts and delinquencies, staff said the town has roughly 6,630 active utility accounts. Outstanding utilities with balances due as of June 8 totaled about $600,000 across approximately 1,800 accounts; staff said they were conducting disconnections for balances due in May and continuing collection activities for past-due tax accounts.

Council members thanked staff for the report and asked no follow-up questions during the meeting.