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Trussville reports October operating shortfall; finance director projects recovery by year-end
Summary
Finance Director Joseph told the council Trussville recorded an operating loss of just under $965,000 for October, citing seasonal timing and delayed sales-tax receipts but said the city remains on track to reach a year-end surplus assuming November–December revenues follow projections.
Finance Director Joseph presented a high-level financial snapshot showing an October operating loss of just under $965,000, attributing the shortfall to seasonal timing as the city awaits sales-tax and business-license revenue. "For the month of October, we recorded a loss of right under $965,000," Joseph said.
He compared October 2025 with prior Octobers: in 2023 and 2024 the city recorded roughly $1.5 million losses in October, the latter partly due to two one-time revenue items that made 2024 look better when adjusted. Joseph said the city expects a pickup in revenue as holiday retail sales and license renewals are processed and remains on track to finish the year with about a $1 million surplus, subject to the expected November–December inflows and market conditions.
Joseph said October sales-tax actuals were roughly $2.4 million versus a 2026 budget figure of $2.4 million and a 2025 comparison of $2.5 million. He told councilors more detailed financial reports will be delivered to their inboxes and that staff will be available for one-on-one questions. The council did not take action on the report; members thanked finance staff and said they will review the more detailed packet when it is distributed.
