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Sunbury finance staff: income-tax collections on track, building permits outpace budget
Summary
Finance staff reported income-tax receipts tracking to projections (about 42% collected year-to-date), building-permit revenue at 113% due to large developments, an $88,000 administrative refund from Rita, and combined bank balances of approximately $25.3 million.
Finance staff presented the committee with a year-to-date review on June 17, reporting income-tax collections at roughly 42% of the annual budget and saying collections are tracking to an expected 7% increase over 2025. "We're 7.6% higher than where we were last year," the presenter said, and staff noted the municipal income-tax collections are on pace to meet budgeted expectations.
Building-permit revenue was reported at 113% of the year-to-date estimate; staff credited large payments from the Woodland Lake subarea B project and Kittner Crossing Residential for the surplus. Staff also reported several grant reimbursements have come in, including final payments related to Walnut Street soil-stabilization work and a partial reimbursement to the body-worn-camera grant with an estimated $35,000 remaining.
On the cash side, the presenter said combined bank balances totaled $25,277,000 with outstanding checks of about $67,000 and a variance of $143,000 largely attributable to NCA funds that were moved into a separate account. Staff highlighted an $88,000 refund from Rita, the city’s income-tax administrator, returned to income-tax collections after an administrative-costs review.
The committee also reviewed routine items: an annual credit-card rewards report (city cards generated $200 in rewards over the June–May period), normal expense categories and a May check register that included several large payments.
Committee members asked for additional detail on recurring and one-time items, including more granular usage data and electricity costs for the city’s electric-vehicle charging station and confirmation of certain reimbursements. Staff committed to follow up with usage statistics and any further supporting documentation the auditors or council request.
