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DDC reports rising revenues, $12.6M projected fund balance as audit wraps up
Summary
Interim finance staff told the DDC board that year-to-date revenue sits at 23.3% and a fund-balance projection of $12,594,154, while the fiscal-year audit is expected within two weeks; board members asked about a new rental revenue line and property accounting.
Interim Finance Director presented the DDC’s January 2026 financial report, saying year-to-date revenues are at 23.3% and year-to-date actual dollars collected total $701,668. The director noted sales tax revenue is stronger than last year (21.1% versus 16%) while interest revenue is lower than a year earlier and the board will have final year-end figures once the fiscal-year 2025 audit completes in about two weeks.
Board members asked staff to clarify a new rental-revenue line tied to property the DDC owns and whether that real estate appears on the balance sheet. The finance presenter responded that rent payments are being tracked separately and that the auditors’ categorization of the underlying asset will be verified. "So we're very happy to see that," the Interim Finance Director said when summarizing the revenue picture. The consent agenda had been approved earlier in the meeting.
Ending: The board was told a completed audit will confirm the exact starting fund balance that will roll into fiscal 2026; staff pledged to provide follow-up detail about asset categorization.
