Yukon finance director reports strong interest income; council approves year‑end budget amendments

The Yukon City Council received a financial update from Finance Director Brian Criss and approved year‑end budget amendments for fiscal 2024–25. Criss reported about $1.6 million in interest earnings year to date (not including June), a substantial increase compared with prior years, and presented fund-by-fund balances showing roughly $68 million in total account balance across funds through May.

Criss told the council the city holds roughly $19 million in certificates of deposit across three funds and that sales-tax collections for June were approximately $2.3 million, flat with the comparable month last year but down about 2.78% year to date. Use tax receipts for June were lower than prior months and staff said they would check with the state tax commission for any reporting irregularities. Franchise fees and select revenue categories were also reviewed; telephone franchise receipts had not posted yet for the period shown.

Council then approved year-end budget amendments. Finance staff explained the amendments are mainly technical—ensuring the city is not over budget on any account series at year end—and that many accounts remain under budget overall. The amendments include adjustments for overtime in the police department and for recently added positions. The clerk recorded an affirmative roll call vote.

Separately, council accepted the finance director’s recommendation to award audit services to Arledge & Associates, PC after a competitive solicitation; council approved the engagement letter on the record. The council thanked staff for running a competitive procurement and noted the selected firm performs municipal audits for other jurisdictions.