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Budget committee: February results at 42% of expectations, cemetery perpetual fund target set
Summary
City staff told the Budget & Finance Committee that February's budget stood at 42% of expected levels; Councilman Dan Lewandowski asked that 4% of cemetery profit go to a perpetual fund with the goal of funding operations through 2066.
City staff reported to the Budget & Finance Committee that February's budget was at 42% of the expected amount and that the year‑to‑date reporting format has been updated to a more detailed presentation. The staff also removed the previous "gross profit" line from the report to reflect the new format.
Councilman Dan Lewandowski pressed for specific allocations to strengthen cemetery finances, saying the committee should direct 4% of cemetery annual profit to a perpetual fund with a goal that the fund be capable of supporting cemetery operations through 2066. He also asked that the Infrastructure Fund balance sheet list the city's three largest assets if that can be done without compromising audit controls. City Manager Jamie Booth said staff would explore whether the requested balance-sheet detail is possible without affecting the audit process.
