Comptroller reports steady revenues and capital spending as fiscal year closes

Comptroller Allison Carlos presented the city’s year-to-date budget snapshot and told the commission that general fund revenues exceed last year by about $1.3 million. She said property taxes represent approximately 62% of general fund revenue year-to-date and noted timing differences — including receipt of a police/fire insurance tax this September — that make some year-over-year comparisons look lighter this month.

Carlos walked commissioners through revenue and expenditure line items, noting that only the city manager’s department exceeded its expected proportion of budgeted expenditures so far and that several capital expenditures were recorded for the period, including $259,000 for Motorola radio debt, $50,000 for ARC window replacement and multiple water/infrastructure items. She also summarized capital-improvement activity and enterprise fund trends and said staff would monitor variances as the fiscal year closes on September 30.

Commissioners asked clarifying questions about specific capital line items and funds; Carlos directed them to the agenda packet for more detail and said staff will finalize year-end reporting in the coming weeks. “Year to date, the fund balance is $3,000,000 greater than this time last year,” she told the commission.