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Finance director presents July fiscal snapshot; city on track with property tax and many funds
Summary
Finance Director Emily Aldridge presented a high-level accrual-basis snapshot as of June 30, 2026, noting property tax receipts near budget, police and fire under budget, and cautioning that audited results (with accruals) will change the picture later in the fiscal year.
Finance Director Emily Aldridge presented an abbreviated, high-level fiscal snapshot intended to give council a quick sense of where major revenues and funds stood as of June 30, 2026. She emphasized this was not an audited or final accounting and explained accrual timing effects on sales tax and other receipts.
"This is where we're currently at for 06/30/2026," Aldridge said, then walked the council through revenue and department-level variances. She reported the city had received roughly 97.7% of budgeted property taxes, franchise fees came in higher than anticipated, and water and sewer fees were near expectations. Aldridge noted some departments had underspent ("Our police did well. They came in under budget at 93%") and that savings could be redirected to planned projects such as a street rubberized chip-seal next year.
Aldridge said she would bring a full, accrual-adjusted and audited financial report later in the fiscal cycle and offered to return with the same one-page format for periodic council review. The item was informational; no council action was required.
