I want to go ahead and open our finance committee.

And we have one item.

And the shining star of Director Bury.

Okay, so we have 2025 year end.

So similar agenda that you should be used to.

We're gonna talk about the general fund, all the special funds that received income tax dollars, the capital improvement fund, brief summary of the CIP, the income tax trends, what our investments look like, and then our conclusion based on those results.

So starting off with general fund revenue.

So we're 107% of the budget, and we had an 8% increase, seeing a majority of that coming from uh income tax revenue.

Um again, one thing to notice here that we addressed with a 2026 budget is the property tax didn't quite hit the level that it was intended to, so we've kind of ratcheted that back a little bit from what the the county had listed.

Um interest and investment income is tracking as expected, seeing that small uh decrease coming as they're starting to reduce rates.

Uh moving on to expenditures, we're at about 76% of planned.

Uh when encumbrances are included, we are at about 89% of planned compared to last year.

We have an increase about 20%.

Uh those increases are driven mainly by salaries and benefits and contract services.

Uh contract services, the big part there is the five million dollars that was approved for the CIC for the creekside redevelopment, and salaries and benefits are those those staffing, those positions, getting those those items filled, and those known increases uh that we knew that were going to be coming.

Uh looking at the impact on fund balance.

So all transfers uh were made.

Uh we have a net change in fund balance, adding about 2.7 million uh back.

Uh so that brings us to about 44.8 million in fund balance.

About 7 million of that is reserved for encumbrances, 9.1 million is in the emergency reserve.

So that leaves us with about uh 29 million of unreserved uh fund balance.

That equates to about 11 months of operating, uh well above that two month required by policy.

Um and that 11 month does exclude that one time expense to the CIC.

Uh any questions on the general fund before I move on.

Uh so this next one is going to show uh how each of the special revenue funds compare to the 2025 budget, uh, seeing a similar story on the revenue side of the house as with the uh general fund, uh income tax uh producing about 106% of what was planned on the expense side, uh what you'd expect to see at the end of the year based on what was planned, about 90-91% for public safety in parks and recreation.

Uh public service does still have some uh items that are being worked through, and they continue to struggle with that turnover.

Uh looking at how each of them uh compare to actual results from 2024.

So seeing those increases on the revenue side, again, very similar to the general fund, uh pointing out uh for parks and recreation.

Uh they've had an 11% increase on their charges for services, mainly camps and pools driving that, but they had uh increased revenue across all their activities.

Uh looking at expenses across, uh nothing unusual here, um, all things that were expected.

Um and any questions on the special revenue funds.

Yes, Ms.

Bowers, sorry.

Thank you.

And and Director Burry, I think that you mentioned, I think we talked a little bit about public services probably at the Q3 update, maybe, or or Q2.

Could you share with us anything that's being done to help advance the projects that have been budgeted for?

Uh that would be uh Kevin is is helping out the department uh there, and I think they are working on recruitment now.

So anything that you want to do you have uh some specific projects in mind?

Like the Cold Road inventory, thoroughfare plan, reflectivity.

Yeah, so each of those projects are moving forward.

Uh the COVID Oh could I didn't hear that.

I'm sorry, it was the Culvert inventory, thoroughfare plan, um sign reflectivity, or all kind of things that are kind of in the works there.

Yeah, sign reflectivity.

I believe that uh correct me if I'm wrong, that money that money would have been returned at the end of 2024.

Um but the culvert inventory, that's uh I believe there's a draft Holly has the woman that was here earlier.

Um she has a draft of the culvert inventory.

Uh the comprehensive transportation mobility plan continues to move forward.

There's been a little bit of uh uh delay with Ms.

Paige uh and Tom both leaving uh the department, but we had a good meeting today as it is some of the policies that uh relate to that particular plan.

So uh so that should be moving forward.

I want to say that that's on uh I'm probably gonna misspeak.

I want to think I think that they're still planning for an August-ish time frame for um, right?

Is that what I heard today?

Correct.

Um August-ish type time frame for uh approval.

Obviously, there'll be presentations and such before we seek approval on that particular plan.

Uh I will tell you that department churns through an awful large amount of work uh from capital projects to s to um from the largest to the smallest, whether it's a a short sewer line extension to our annual street and sidewalk program, right?

And um I think part of the challenge, I I mean I'll be honest with you, I think some of the challenge with routining staff in that particular department is the volume of work uh and the expectations that uh that are placed on them because of the CIP and the backlog of uh deferred maintenance and such.

Uh and then the need to also take care of some of the critical studies and um studies that we're looking at.

Um I will point out, right?