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Pineville finance report: cash balance falls to $374,558 as October sales tax dips
Summary
City finance presenter David Humphreys reported a cash balance of $374,558 after October deposits and withdrawals, and noted October 2025 sales tax collections were $1,395,250 — down $62,943 from October 2024.
David Humphreys presented Pineville’s October financial report, saying the city began the period with a cash balance of $7,738,385, recorded deposits of $2,871,336 and withdrawals totaling $3,035,163, leaving a cash balance of $374,558.
On sales tax collections, Humphreys reported October 2025 receipts of $1,395,250 compared with $1,458,193 in October 2024, a decline of $62,943. He noted this was the second month in a row of lower collections after two years of growth and suggested national and local factors — such as shutdowns and road construction — could be affecting receipts. Humphreys also said occupational license receipts for October 2025 were $2,385 versus $4,741 in October 2024, which he described as a timing issue because licenses expire Dec. 31 and renewal activity is concentrated at year end.
"Our sales tax collections for October '25 was $1,395,250. In comparison to October 2024, which was $1,458,193," Humphreys said. He recommended monitoring receipts into the winter months and noted occupational license renewals are expected to increase in January.
