Title
Approving the FY25 fourth quarter financial reports.
Summary
These reports are preliminary and will change with audit adjustments as needed. The format has been expanded to include the same subcategories as presented in the budget document. This report will included more funds in FY26.
General Fund - The preliminary net change is negative $3.9M, this is less than the FY25 projected amount of $4.5M reported in the FY26 budget document.
Water/Wastewater Fund - The preliminary net change is positive $14M, this is more than the FY25 projected amount of $9.6M reported in the FY26 budget document. The water sales revenue were higher than projected and their was a transfer in from Impact Fees of $6.3M that was not included in the FY25 projected amount.
Deadline for City Council Action
Action is requested December 9, 2025
Funding Expected: Revenue ___ Expenditure ____
Budgeted Item: Yes __ No __ N/A __
Amount: _______
1295 Form Required? Yes __ No __
Legal Review Required: N/A _X_ Required __ Date Completed: ___________
Supporting documents attached:
FY25 Q4 Financial Report
Recommended Action
Approve as presented.