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Committee hears FY2026 year-end: revenues about $32M, expenditures about $30.7M, cash roughly $36.9M
Summary
The Presenter told the committee FY2026 closed with approximately $32 million in revenues, $30.7 million in expenditures, and about $36.9 million in total cash and investments (adjusted balance ~ $35.9M); the general fund ended with about $5.6M.
The Presenter (S2) summarized FY2026 results: total revenues were approximately $32,000,000 while expenditures were approximately $30,700,000, producing a positive year-end financial performance. The Presenter said total cash and investments at year-end were about $36,900,000 with an adjusted balance of roughly $35,900,000.
On the general fund specifically, the Presenter said it ended the year with an adjusted balance of approximately $5,600,000, providing the city with a reserve position to support operations and future needs. The Presenter noted several enterprise and infrastructure-related funds, including the water enterprise and municipal street fund, also maintained healthy balances going into FY2027.
