A city finance committee report showed revenue for the 2025 fiscal year end was less than projected amounts.
Finance Director Anthony Francisco compared the 2025 fiscal year general budget estimated revenues to the actual revenues at the committee’s Thursday meeting.
According to a report packet shared during the meeting, the city earned roughly $54.4 million in sales tax revenue, approximately $1.7 million less than the projected amount.
Other revenues, which Francisco said includes convenience and technology fees, had a total of $953,948, roughly $1.4 million less than the projected amount.
The total revenue for the 2025 fiscal year end budget was $104,209,691, according to the report.
Expenditures for capital equipment were $4.2 million, roughly $2.2 million less than the estimated amount. Expenditures for city maintenance and services were $17.6 million, around $2.4 million under the estimated amount.
Expenditures for city employee salaries and benefits were $74.3 million, roughly $2.3 million over the estimated amount.
“It’s not so much of (a) loss of revenue, it’s that expenses are growing faster than revenue is growing,” Francisco said. “We have the mandatory 4% merit increase for salaries, which carry over to benefits, and our major revenue sources are not growing at 4%”
Francisco said the city wrapped the 2025 fiscal year with a general balance of roughly $11.8 million, about $4 million above the mandated reserve in the general fund but roughly $200,000 less than the projected balance.
Budget Manager Kimberly Coffman also highlighted upcoming dates on the 2027 fiscal year calendar.
The first public hearing to discuss the budget will be held April 27 and the second hearing will be held May 25, Coffman said. Council will consider the budget at its June 8 meeting.
Francisco said that because it is an eight to nine month process, residents have a chance to talk to council members regarding the budget or any upcoming projects.
“It is a fully open process and we take pride in that,” Francisco said.
This story was edited by Ana Barboza.
