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October report: Kearney is 67% through fiscal year; property-tax remittance still pending
Summary
Finance director Stephanie Harris told aldermen the city is 67% through the fiscal year, with use-tax receipts above budget (77%) and property-tax remittance from the county still expected; she flagged the canine fund as low and invited donations.
Finance director Stephanie Harris presented the October financial statements, reporting the city is about 67% through the fiscal year and said overall numbers look favorable. Harris noted property-tax remittance from the Clay County collector had not yet arrived but was expected toward the end of December and into January; she said use-tax revenue was at about 77% of budget and fluctuates month to month depending on online and sales spending.
Harris also highlighted the canine fund as low on donations and suggested year-end contributions. "If anybody's looking for something to donate to at the end of the year, our canine fund is a little low on revenue," Harris said. Board members asked for clarification on property-tax timing and use-tax fund balances; Harris explained the typical remittance schedule and when the city expects larger receipts.
Why it matters: The October financial report provides the board with near-term revenue expectations ahead of next year’s budget decisions; key receipts (property tax) are timing-sensitive and may change projected year-end balances.
