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Davenport finance committee reports Q1 2026: revenues 68% of budget, expenditures 7.8%
Summary
The Finance Committee told the council revenues are at 68% of the budgeted amount for Q1 2026 (attributed to 2025 carryover balances) and expenditures are 7.8% of budget; the committee recommended approving the financials.
Finance Committee chair Lance Strite reported to the Davenport City Council that the committee reviewed the first-quarter 2026 financial report. He said revenues stood at roughly 68% of the budgeted amount — a level the committee attributed to carryover balances from 2025 — and that expenditures were about 7.8% of the budget.
The committee recommended the council approve the first-quarter financials, and the council proceeded with a motion to approve the presented financial statements. No detailed line-item figures or departmental breakdowns were provided in the transcript; staff follow-up would be needed to obtain the full report and supporting schedules.
The finance update occurred early in the meeting and was recorded before several agenda votes later that evening.
