DuBois staff report healthy cash cushion but warn of legal costs, staffing gaps; pension plans show gains

Interim manager Lisa Hegburn and a remote pension presenter updated the council on the city’s financial position on July 1.

Hegburn said the general fund had collected about $6 million in revenues through May 31, with roughly $4 million expended and about $1.9 million on hand. She noted that real estate taxes are the primary revenue source and that payroll is running about $160,000 every pay period; staffing vacancies have depressed wages and benefits costs so far, producing a temporary cash cushion. Hegburn warned of underbudgeted legal expenses and some expected interfund transfers and year‑end obligations that will affect cash flow later in the year.

In a remote presentation, a speaker identified as Zach summarized pension performance, citing market volatility driven by geopolitical events and artificial intelligence sector swings; he reported the police plan up 8.97% year‑to‑date and provided plan balances of $16,680,172 for the police plan and $13,223,912 for the non‑uniform plan as of the most recent close.

Council members asked clarifying questions and were urged to use the city’s finance dashboard for up‑to‑date snapshots. Hegburn said staff will refine line items such as winter maintenance operating supplies and track legal spending as they prepare the 2027 budget.