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Caledonia reports $8.55 million in cash and investments, provides 2026 budget update
Summary
Finance Officer Stephanie Mann told the council the city’s cash and investments totaled $8,551,839.70 as of Sept. 25, 2025, and provided an update on the 2026 budget; council took no action on the budget at the meeting.
Finance Officer Stephanie Mann presented the city’s third-quarter financial report to the Caledonia City Council on Oct. 27, 2025, reporting cash and investments of $8,551,839.70 as of Sept. 25.
Mann summarized results and provided an update on preliminary planning for the 2026 budget. The update was informational; council members did not take action on the 2026 budget during the meeting.
The report will inform upcoming budget work sessions and any public hearings required by the city’s budget calendar. Staff indicated continuing work on grant applications and other revenue items that could affect the 2026 draft.
