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Rowlett reports FY2025 revenues of $157M, $145M expenses; council hears surplus driven by general fund
Summary
Finance Director Wendy Badgett told the council that Rowlett finished FY2025 with $157,000,000 in receipts and $145,000,000 in expenses, producing a surplus driven by general fund performance and insurance reimbursements; council praised staff and noted budget conversations ahead.
City Finance Director Wendy Badgett presented the comprehensive financial report for the fiscal year ending Sept. 30, 2025, reporting total receipts of $157,000,000 and total expenses of $145,000,000.
Badgett told council that the $12 million favorable variance was primarily driven by general-fund performance and reimbursements (medical claim reimbursements and employee benefits), with property taxes comprising nearly 60% of the general fund and generating $43,000,000 in collections for the year. She also reported that sales-tax receipts and higher-than-budgeted interest earnings contributed to a $5,700,000 overall positive variance for the general fund.
The presentation noted utility-fund variance patterns: water revenues were approximately 4% below budget ($855,000 short), driven by meter-changeouts and wetter, cooler weather that reduced irrigation demand; sewer revenues were about 1% below budget. Expenses across funds were generally under budget, with personnel vacancies cited as a major contributor to savings.
Mayor expressed thanks to Badgett and her team and said the city's financial trajectory makes a discussion of the tax rate feasible in the upcoming budget season. No formal budget action was taken at the meeting; the report was accepted as presented.
