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General Fund rises to $6.06 million; income tax receipts lag year-over-year
Summary
Finance Director Smith reported the General Fund balance was $6,056,395 as of May 31 (a 36% increase compared with the same time in 2025), while income tax collections were down $86,599 compared with last year; the 2024–2025 audit is wrapping up.
Finance Director Smith presented May financial results, reporting the General Fund balance at $6,056,395 as of May 31 — a 36% increase from the same date in 2025 — and noting income tax collections were down $86,599 year-over-year.
Smith said the 2024–2025 audit is wrapping up and auditors are reviewing a few remaining items; he will send a short questionnaire to the Council President and Council President Pro Tem to complete and return directly to the auditors. He also reported that Sky Zone has paid all its tax obligations through the end of May.
