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Hays finance director reports modest revenue gains; commission approves December statement 5–0
Summary
Director of finance Kim Rupp presented unaudited December 2025 financials showing December revenues of $12,000,009.59 and a year-over-year increase of roughly $259,000; general fund sales tax finished the year about 1% higher, though inflation outpaced growth. The commission approved the December financial statement unanimously.
Kim Rupp, Hays director of finance, presented the city’s unaudited financial summaries for the month and year ended Dec. 31, 2025 and summarized revenues, expenditures and investment holdings.
Rupp reported December revenues of $12,000,009.59, an increase of about $259,004.56 compared with the prior year, driven partly by larger transfers to reserves in several enterprise funds. She said month-to-date general fund sales tax collections were $872,003.72 and that year-to-date general fund sales tax was about 1% higher than the previous year, but commissioners observed inflation is running near 3%, meaning sales-tax growth did not fully offset price pressures.
On expenditures, Rupp said December outlays were lower relative to 2024 by roughly $802,000 and that departments had underspent across multiple categories (salaries, contingency and supplies). She highlighted that certain capital transfers and prior-year equipment purchases explain a portion of the year-over-year variances. Rupp noted the portfolio holdings (U.S. Treasuries, certificates of deposit and money-market balances) and reported yields; she cautioned the figures are unaudited.
Following the presentation, a commissioner moved and another seconded approval of the December financial statement. The commission voted 'aye' on a 5–0 tally.
The financial report and vote were informational and routine; staff will proceed with the normal audit process for year-end numbers.
