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Finance director: Roeland Park ended 2025 with stronger-than-expected revenues and record investment income
Summary
Director of Finance Jennifer Jones Lacey presented preliminary (pre‑audit) 2025 financials showing revenues above projections, a high investment return ($904,000), transfers to the special street fund of $1.2M, improved aquatic center cost recovery (51%) and notable year-over-year increases in utility franchise fees.
Jennifer Jones Lacey, Director of Finance and Assistant City Administrator, presented the city’s preliminary year‑end financial report for 2025 and described key revenue and fund‑balance changes. She called the report "preliminary because it's pre‑audit" and said auditors arrive next week. Jones Lacey highlighted stronger‑than‑expected revenues: sales and use taxes exceeded projections (the report states sales tax figures were "1.8" higher in the posted slide), franchise fees—especially gas—rose substantially (she noted a 49% increase in gas franchise receipts year‑over‑year), and the city recorded $904,000 in investment income, the highest since the city began investing.
She said those revenue gains enabled an additional $1.2 million transfer into the Special Street and Highway Fund, allowing the city to cash‑fund more street projects. Jones Lacey also reported that the aquatic center's cost recovery rose to 51% for 2025, improving from prior years. Council and staff discussed reserves, TDD/TIF timing, the planned 2029 Naul project and the need to prioritize projects and grant applications. Jones Lacey said staff will incorporate audit adjustments when the auditors finish next week and will return with final audited financial statements.
