Middleton treasurer reports unaudited FY2025 surplus as council eyes carryover projects

Treasurer Miss Miles presented the City of Middleton’s unaudited fiscal-year 2025 summary at the Dec. 3 council meeting, reporting revenues of $29,270,970 against $28,042,820 budgeted and expenditures of $14,712,973.

"We received in revenues $29,270,970," Miss Miles said, noting the city was conservative on building-permit revenue and that unexpected commercial receipts boosted totals. She described the expenditure shortfall as concentrated in the general fund and linked to items budgeted but not spent, including an extra SRO officer the school district did not fund and engineering work deferred.

The treasurer walked council through a multi-tab spreadsheet showing cash by fund, committed balances, six-month reserves and uncommitted balances for each fund. She flagged several known upcoming costs: an estimated $2,000,000 expected for sewer and water line repairs on Harmon and 1st Street and $1,500,000 toward a wastewater treatment plant, noting those amounts are not captured in the current uncommitted totals.

Councilmembers asked about outstanding projects and invoice timing. Miss Miles said most major projects have been billed but cautioned that a few late invoices can arrive months later, moving costs into a new fiscal year. Council and staff discussed using professional engineering funds budgeted for a First Street concept to cover two sidewalk projects approved earlier.

Miss Miles said the fund-by-fund detail will inform planning for the FY2027 budget and offered to provide more detailed breakdowns on request. The presentation was informational; no formal budget amendments were adopted at the meeting.