The City has spent approximately $19.0 million, or 51% of its $36.9 million total expenditure budget, including $8.1 million in budgeted transfers. Excluding transfers, personnel costs represent approximately 63% of year-to-date expenditures, or $8.4 million.
Of the nearly $6.0 million currently encumbered, approximately $3.1 million relates to planned or ongoing capital expenditures and approximately $900,000 relates to personnel expenses. Including encumbrances, total expenditures represent approximately 67% of the planned 2026 budget.
Overall, the City’s financial position remains generally consistent with budget expectations through August. Revenue collections are tracking appropriately, investment income continues to outperform the prior year, and expenditures and encumbrances remain within expected levels. At the same time, anticipated increases in solid waste and sewer costs are being incorporated into the City’s long-term financial models to support sustainable operations and continued investment in necessary capital infrastructure.
Maralee Leonard
Finance Director