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Kearney reports healthy use-tax balance as officials map projects
Summary
City staff reported the FY2025 use-tax fund is ahead of budget, with $685,059 in excess cash and $322,981.06 remaining to the end of the fiscal year; officials said the balance will fund future obligations and grant matches.
Kearney staff presented the fiscal year 2025 year-to-date report and said the city is receiving more use-tax revenue than budgeted. Sheila (S2) told the committee the use-tax budget was shown at about $1.3 million and that the city currently has $685,059 in revenues over expenditures and $322,981.06 remaining for the rest of the fiscal year.
"We still have $322,981.06 to go to the end of the fiscal year," Sheila (S2) said, noting use-tax receipts typically arrive once a month by the seventh. Committee members discussed timing of reimbursements and how one-time project activity (for example large out‑of‑state construction purchases) can temporarily raise receipts but may not recur each year. Staff said the near-term surplus will be applied to future obligations and required grant matches for planned parks, sidewalks and trail projects.
