Yerington council previews tentative FY 2026–27 budget, approves audit engagement and CD reinvestment

The Yerington City Council on April 13 reviewed its tentative fiscal year 2026–27 budget and took several finance actions, including approving a planned audit engagement and reinvesting matured deposits.

Interim City Manager Jerry Bryant told the council the city expects to receive an engagement letter from Sciarani & Co. to provide financial auditing services "for an amount not to exceed $45,000." Councilmember Nick Beaton moved to approve the engagement; the motion was seconded and approved unanimously.

On routine financial management, the council approved staff recommendations to reinvest $500,000 in principal from matured certificates of deposit into two separate accounts not to exceed $250,000 each to keep deposits within FDIC insurance limits. Bryant said the city plans staggered 18- and 24-month terms to balance yield and insurance coverage; Council approved the reinvestment unanimously.

Council members also approved the consent agenda, which included payment of Checks #41676 through #41761 totaling $484,080.39 and multiple business-license actions listed on the agenda. The minutes from the March 23, 2026 meeting were accepted as part of that consent action.

The tentative budget documents filed with the state show the city’s combined available General Fund resources for FY 2026–27 at $4,771,129 and estimate property tax revenue of $598,818. The budget message notes planned capital spending for water production pumps ($650,000), projected enterprise fund net income of $278,150 for the Water Fund and a deficit of ($270,667) for the Sewer Fund, and a 2.5% salary/wage increase included for most employees. Final budget adoption is scheduled for a public hearing on May 26, 2026.

The council recorded no roll-call tallies in the minutes beyond noting unanimous approval for the items reported in the meeting record.