The Crestwood Board of Aldermen met on September 10, 2025, at 7:00 PM in the Aldermanic Chambers. Key items included a Q2 financial presentation, selection of a new community center logo, appointment of a new assistant city administrator/director of public works, public comments on traffic calming, approval of the consent agenda with one item removed (Spellman Park toddler playground), discussion and first reading of the playground replacement, and direction to pursue a sidewalk TAP grant. The board also voted to remove the temporary mini-roundabout on Liggett and directed staff to have a traffic engineer review the design.
The meeting adjourned to closed session at approximately 9:00 PM for legal and personnel matters.
Okay, seven o'clock. Call this September 9th, 2025 Board of Alderman meeting order. If you please join me in the Pledge of Allegiance. I pledge allegiance to the flag of the United States of America. And to the Republic for which it stands. One nation under God, indivisible with liberty and justice for all. Alderman Zavis. Alderman Morrison. Alderman Ballas. Here. Alderman Hall. Here. Alderman May. Here. Alderman Seven. Alderman Chdala. L8 are here. You have a quorum, Your Honor. Thank you very much. Tonight on our presentations, communications, and appointments, we have three items. The first of which is a Q2 financial presentation. City administrator. Thank you, Mayor. So we'll review the second quarter of the year period ended in June 30th. So as I usually do, we begin with just an overview of the entire year's general fund budget. We had revenues at 15.1, expenditures at 15.2 with a deficit of 47,224. So when we were preparing the budget last year, we estimated our fund balance at the beginning of 2025 would be 8.23 million. And applying that deficit, we would wind up with a budgeted fund balance of 8.18 million. In the second quarter, we had revenues at 3.87 million, expenditures at 3.72 million for a surplus of the quarter of 153,000. The table in the center shows the revenues by quarter. After going through the external audit, we have an audited starting year fund balance of 9.37 million. And so when we apply the deficit from the previous slide to that audited fund balance, we're projecting to end the fiscal year with a fund balance at 9.32 million dollars. Comparing the second quarter of this year to the same period last year, you can see that revenues are 136,000 higher and expenditures are 254,000 higher than the same period at the prior year. And here are some of the reasons why. Property taxes are lower due to timing. However, I'd like to point out that even though over the quarter over quarter, year over year I should say for the quarter, they're down. Year to date, they're up $84,000 so far, year over year through June 30th. Whereas in the past we've been in the liquid series. So the term series operates more like a certificate of deposit where you we will have a maturity date tied to that investment. And so we expect that the total investment earnings for the year will catch up later when those investments mature, but because the monies are now being tied up in a CD and liquid yielded the uh returns on a much more re regular basis. Um you won't see them until later in the year. And then grant revenues are higher in the second quarter due to the White Cliff Bridge completion and uh getting the federal reimbursement on the grant. On the expenditure side, we're really just looking at increased salary expenses on personnel and then expenses from the White Cliff Bridge construction and the quarry restroom project hit in the second quarter of this year. And here's a chart showing the breakdown so you can get a sense of the relative magnitude of the various revenue sources. Obviously, sales taxes were the major one in the second quarter, as always. Licenses and permits also showing a significant revenue source in the second quarter as we get into the business license renewal season. Down towards the bottom, you can see the grants category, uh, all those federal reimbursements hitting, and uh then the rest of the various revenue sources there. Don't really have anything I wish to highlight amongst all of those. And here compares the second quarter of this year in the lighter colored bar to the second quarter of last year in the red bar. So sales taxes are down slightly, second quarter this year compared to last year, but tracking mostly in line.