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McAlester posts stronger‑than‑expected June collections; general fund and use‑taxs show gains
Summary
Finance staff told the council that fiscal‑year collections finished the period with stronger-than-projected sales and use tax results (general fund revenue cited at about $17.1 million), MPWA revenues of about $12.7 million, and a notable sales‑tax milestone.
The city's finance director presented the June 2026 financial report, summarizing the fiscal year that closed on June 30. Staff reported general fund collections of approximately $17,100,000 and an increase in the general fund balance of about $349,896; MPWA (enterprise) revenues were reported at roughly $12,700,000. The finance presentation said June collections exceeded projections in several categories and highlighted an unusual sales‑tax milestone the city expects to note in the next report.
Council members reviewed line items including residential water sales (a notable month‑over‑month increase), use tax, hotel tax performance and bond‑debt projections through 2031. The finance director said the city ended the year with roughly $27,400,000 in cash accounts and noted that some invoices and year‑end items remain subject to final processing through September. Council asked for follow‑up on unusually high utility receipts and staff agreed to bring more detailed backup in a future meeting.
