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City reports positive FY2026 third-quarter finances, flags cemetery amendment
Summary
Accounting Manager Daniel Hoffman said overall FY2026 third-quarter finances remain positive with sales tax and lower administrative expenses near or above projections; he noted a forthcoming budget amendment for the Pleasant Green Cemetery due to higher-than-expected expenditures.
Daniel Hoffman presented the FY2026 third-quarter financial report, reporting that major fund balances and revenue trends were near or above projections. He highlighted strengths in sales tax collections and lower-than-anticipated administrative expenditures while noting variability in building permit revenues.
Hoffman said a budget amendment for the Pleasant Green Cemetery would be forthcoming because expenditures had exceeded earlier estimates. He answered Council clarifying questions and confirmed that full documentation would be posted with the minutes.
