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Finance staff projects about $20M in receipts; commissioners say reserves have been depleted
Summary
During the public hearing, finance staff said auditors project roughly $20 million in receipts for 2026; public commenters and commissioners traced reserve declines to multi-year shortfalls and one-time COVID-era funds being treated as ongoing revenue.
Commissioners and members of the public discussed the city's recent revenue performance and reserves. A commissioner reported the FY2025 approved budget was $21,306,942 while actual receipts were $20,961,806 — roughly $400,000 under the approved amount. Finance staff said auditors "are projecting to around 20,000,000."
Residents told the commission that the city’s reserve decline began years earlier and that COVID-era funds had been treated as recurring revenue, creating a structural mismatch. Commissioners said they would reconcile accounts and look for modest revenue adjustments while avoiding abrupt cuts to essential services.
