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City finance director: FY25 spending aligned with council priorities, revenue mix changing
Summary
Finance Director Jennifer Knapp told council FY25 spending followed previously approved projects (fleet building, ARPA-funded stormwater work) and cited year-over-year salary increases largely tied to public safety; she noted fewer federal funds contributed to revenue declines compared with the prior year.
Jennifer Knapp presented the city's FY25 annual financial highlights, saying the city "kept to its fiscal responsibility" and spent down reserves for projects previously approved by council. She said staffing increases account for about $1.9 million in year-over-year salary variance, with roughly $1.5 million attributable to public safety positions hired to address staffing shortfalls.
Knapp explained revenues appear lower year over year because FY24 included larger federal funds and because the library project ended in FY24 (which previously brought in donations). Councilman Von Barron asked whether the city had an estimate of contingent liabilities tied to state refund applications under programs such as the Nebraska Advantage Act; Knapp and staff said specific dollar impacts were unknown and the city receives notice when an application is filed but typically lacks details until later in the process.
The council moved to receive the report; no action altering the budget or staffing was taken at this meeting.
