FY2026 9+3 Financial Report
At a glance
Based on auto-generated captions; names and numbers may be misheard.
- What: staff report on nine months of FY2026 actuals plus a three-month projection for the general fund.
- Where it stands: reserves use projected at about $4 million instead of the $7 to $7.5 million budgeted; sales tax about $600,000 to $700,000 under budget.
- Next: staff recommends a flat sales tax projection for the FY2028 budget; a $13.3 million FY2028 operating deficit is forecast.
Key numbers
- Projected revenues about $126 million; expenses about $130.5 million; fund balance just under $29 million (about 22.5%).
- Expenses about $2.5 million under budget (utilities, contractual services, a vacant Astra mental-health position at the police department); motor fuel is over budget.
- Forecast operating deficits: $13.3 million in FY2028 and $17.4 million in FY2029.
Council questions
- Councilmember Kell: effect of a federal fuel tax holiday (could touch the special highway fund).
- Councilmember Bradberry: which sales tax categories are short (the state reports only a total).
- Councilmember McGee reportedly followed up with the state Department of Revenue for a statewide breakdown.
- Staff will send councilmembers a breakdown of the contractual savings.
Sources
Discussion time
About 14 minutes across 1 meeting (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-10-20 - City Council | 14 |
Log
- 2026-10-20 - City Council - Dalton Bittel presented the 9+3 report; reserves use projected at about $4 million; sales tax lagging; flat sales tax projection recommended for FY2028.