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Maumelle financial review: June shows modest tax gains and robust fund balance
Summary
City finance staff reported year-to-date increases in property, franchise and sales taxes, a $1.6M FEMA transfer and a total fund balance of $6.4M as of June 30, 2026; council accepted the report by voice vote.
Brian, the city's finance presenter, reviewed June 2026 results and highlighted year-to-date increases: "Property tax collections year to date are up about $50,000 or about 3.7%." He told the council that franchise fees were up roughly $56,000 (about 7%) and sales tax up about $151,000 (about 4%). Brian also noted a $1.6 million operational transfer from a FEMA grant fund and a $184,000 dispatch reimbursement recorded this year.
On the balance sheet as of June 30, 2026, Brian reported the total fund balance at $6,400,000, with approximately $318,000 in committed purchase orders leaving a net fund balance near $6,100,000 and an operational reserve around 29% of the budgeted operational expenses. Council asked clarifying questions about the sanitation fund repayment schedule and property-tax seasonality; the council then accepted the financial report by voice vote.
