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June financial report: general fund shows small surplus; utility fund posts deficit amid drought pressure
Summary
City staff reported June 2026 month-end figures showing general fund revenues of $10.71 million and a year-to-date surplus of $277,060, while the utility fund showed a negative balance (about $825,001), with drought and purchased-water costs cited as drivers.
City finance staff presented the June 2026 month-end financial statements during the July 21 council meeting, reporting a modest general fund positive balance and a sizeable utility fund shortfall.
"General fund revenues are $10,712,003.85," the finance presenter (speaker 10) said, noting the general fund shows a positive $277,060 year to date. Sales-tax collections were highlighted as performing above prior-year levels and May collections were reported at $600,916.
At the same time, the presenter said the utility fund is showing a negative "825,001.02" and attributed pressure to drought conditions and purchased-water costs. Council members asked whether the utility shortfall is typical; the presenter cited drought and water purchases as major factors and noted outstanding debt related to meters will continue to be paid over a multiyear schedule.
Councilors acknowledged the report and thanked staff; no immediate policy action was taken at the meeting. Staff said they will continue monitoring revenues and expenditures as they work toward year-end close.
