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Smithville staff: 2025 unaudited year-end shows stronger-than-expected revenues, healthy fund balance
Summary
City staff presented unaudited 2025 results showing sales, use and interest earnings outperformed budget, lifting the general-fund balance to about 67% of operating expenditures and keeping reserves positive through 2030 under current assumptions.
Rick, who presented the budget review, told the board that the "general fund did very well for 2025," driven by higher-than-expected sales tax, use tax and interest earnings.
He described the results as unaudited and said auditors were scheduled to begin work that week. Rick said revenues came in roughly 1.2 higher than budgeted and noted department salary savings and lower-than-forecast campground repairs helped on the expenditure side. The presentation showed the general-fund balance at about 67% of operating expenditures for 2025, up from a previously projected 51.5%.
Rick also warned the board the five-year projection assumes continued revenue performance; without that, he said the fund balance could decline toward 2027 but would remain positive through 2030 under current assumptions. A board member commended the conservative budgeting approach and asked staff to continue close monitoring of major revenue buckets.
