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<br /> <br />Highlights: <br /> <br />• The Police department is trending lower at 81.30% to the budget in 2024 due to the Police <br />Aid expenditure included with the 2024 budget. These funds were ultimately transferred at <br />the end of 2024 to help pay for the Fire Equipment Ladder Truck. <br /> <br />• Community Development/Planning department at 124.40% to budget in CY due to <br />additional staff hired during the year. A new building official has been employed in <br />anticipation of the current building official's retirement at the end of 2025. During Q3 of <br />2025, the building official has been part of the phased retirement program, working a <br />reduced part-time schedule. <br /> <br />• Administration Department trending higher in CY at 95.40% to budget than in the prior <br />year at 76.17%. The 2024 budget included $100K for police contracted services to explore <br />new police models, but the funds were not spent. In addition, 2025 includes unbudgeted <br />expenditures for the City Administrator search consultant. <br /> <br />Special Revenue and Enterprise Funds <br /> <br />The Quarterly Financial Report for the special revenue and enterprise funds is attached to this <br />report. All funds fell within the expected budget amounts. <br /> <br />Investments <br />As of December 31, 2025, total cash and investments for all City Funds totaled $18,305,929.41, <br />and the allocation by investment type is as follows: