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Finance staff reports sales-tax gains and on-track water/sewer revenues for winter months
Summary
City finance staff reported December 2024 and January 2025 financials: year-to-date sales tax collections rose about $220,513 (7%) compared with 2024 and water/sewer revenues were on target; staff said more detailed February sales-tax breakdowns will be provided at a future meeting.
City finance staff reviewed the December 2024 and January 2025 financial reports, telling council the city is approximately 25–33% through the fiscal year and that revenue patterns reflect property-tax collections and seasonally lagged sales-tax receipts.
The presenter reported that collections through December were up $220,513, or about 7% compared with fiscal year to date 2024. "The collections through December are up $220,513 or 7% when compared to fiscal year to date 2024," the finance presenter said. Staff noted sales tax and property tax timing effects and said sales tax is expected to carry through the first part of the year. Water and sewer revenues were reported as roughly on-target for the fiscal year; staff also reviewed hotel-motel occupancy taxes and said average monthly occupancy revenue is running slightly above the prior year.
Council asked for a sales-tax breakout (by retail activity) in the February numbers; the presenter agreed to provide that detail at the next meeting. No formal actions were taken on the financial report; staff will return with February and quarterly sales-tax data at the next scheduled meeting.
