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Finance committee schedules 2026 mid‑year review and acceptance of 2025 annual reports for future council meetings
Summary
Alderman Franco and finance members said the finance director expects clearer revenue figures in one to two months and the committee will present an abbreviated update at council with a fuller review later; the committee recommended acceptance of 2025 annual financial reports and the single audit for council review.
Alderman Franco told the committee that the finance director indicated revenues are still being received and that "she would have better numbers in a month or 2," so the committee asked staff to prepare an abbreviated update for the next council meeting and a fuller mid‑year review later. Resolution 26-0465 (2026 mid-year review) and 26-0466 (acceptance of the 2025 annual financial reports, TIF funds and single audit) were discussed and scheduled for presentations during council.
Committee members said it would be helpful to begin engaging on the budget early and to receive incremental updates as staff refines revenue projections; the finance director is expected to return to the committee with more complete numbers.
