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Finance director reports nearly complete property‑tax collections and strong sales tax gains
Summary
Finance staff presented unaudited numbers through June 30, 2026: property tax collections nearly complete (~$22.2M), sales taxes showing 20% year‑over‑year increases, and general fund and utility revenue drivers detailed; staff noted investment income is down year over year due to federal rate changes.
The city’s finance presentation covered unaudited general‑fund and utility revenues through June 30, 2026. Finance staff reported property taxes are largely collected—"almost 100%" including delinquent accounts—at about $22,200,000, and identified sales tax as a significant non‑property tax driver for the general fund. Staff noted sales tax is up year over year, driven in part by development, and that charges for services (e.g., water sales $10.3M, wastewater ~$6.6M) and fines/forfeitures contribute to the general‑fund total.
The presentation highlighted divisional trends: splash station admissions and golf operations rebounded with better weather, ambulance billing timing was affected by a software conversion, and airport fuel/hangar revenues increased. Staff cautioned the numbers are unaudited and subject to change and pointed out investment income is down about $600,000 year‑over‑year due to falling federal rates. Council thanked the finance team for the report and accepted the update.
