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City manager: FY2026 begins, auditors to arrive July 16; LOST collections pending
Summary
City Manager Robbie Rokovitz reviewed end-of-year finances, said the FY2026 budget took effect July 1, and noted auditors will arrive July 16; he also said uncollected LOST revenues remain pending and explained insurance premium tax receipts.
City Manager Robbie Rokovitz briefed the council on the city's finances at the start of the July 1 meeting.
Rokovitz said the FY2026 budget began on July 1 and that auditors are scheduled to arrive July 16 to review year-end accounts. He noted that some LOST (local option sales tax) revenues remained uncollected at the time of the report and provided an explanation for insurance premium tax receipts recorded in the year-end statements.
The council did not take new budget actions at the meeting; Rokovitz's report framed fiscal conditions heading into the new fiscal year and set an expectation for the upcoming audit.
