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Cedar Park posts $25.2M in general-fund revenues through Q1; investment portfolio at $357M
Summary
Finance director Erica Soliz presented the FY2026 first-quarter finance and investment report through Dec. 31, 2025: general fund revenues $25.2M (31% of budget), ad valorem $8.8M, sales tax $6.8M (above budget), expenditures $18.3M; the combined city investment portfolio was $357M with recent debt issuances noted ($30M COs, $31M utility bonds).
Erica Soliz presented the city's quarterly finance and investment report for fiscal 2026 (quarter ending Dec. 31, 2025). She reported general fund revenues of approximately $25,200,000 (31% of the adopted $82.8M budget), ad valorem collections of $8.8M (26.7% of budget) and sales tax receipts of $6.8M year-to-date. Soliz said a timing issue caused some collections to post in January and noted that sales tax was trending above budget year-to-date.
On investments, Soliz said the combined portfolio balance was roughly $357,000,000 — a 24% increase from the prior quarter driven by December debt proceeds — and detailed that the city issued $30,000,000 in certificates of obligation for stormwater, public safety, roads and pool improvements and $31,000,000 in utility revenue bonds for water and wastewater projects. Council members praised the finance team’s performance and asked clarifying questions about timing and reserve strategies.
