Town manager reports FY26 closing figures; development pipeline pace below long‑term average
Town manager presented unaudited FY26 financials showing operating revenues at ~97.4% of the adopted budget and expenditures at ~93.7%; development staff reported 11 permits in 2026 first half and a large vested project pipeline, but projected build‑out will extend over many years.
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Town manager presented the unaudited fiscal‑year closing update and financial dashboard, noting operating revenues are about 97.4% of the adopted budget and expenditures are about 93.7%. Staff highlighted cash‑flow seasonality (low from August through December), noted total cash and investments and discussed recent transfers into CIP reserve positions to manage upcoming capital needs.
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