Speaker numbers apply only to this recording.
The City of Oxford Board of Aldermen met at 5:00 PM on Tuesday, August 4, 2026, in the City Hall Courtroom. Mayor Robyn Tannehill was absent, and Mayor Pro Tem Jason Bailey presided; all seven aldermen were present. The board approved the amended agenda, a consent calendar, a public hearing and bond resolution for student housing, several contracts and engineering measures, and entered executive session before adjourning.
Couple of highlights I want to point out. Um general fund revenues have reached approximately 80% of the annual budget while expenditures remain approximately 66%. Uh revenue growth continues to outpace expenditures, which reflects a favorable overall financial position. Total revenue collected through the end of June was right at 41 million out of a 51 million dollar budget. Property tax collections are 95% of budget. Sales tax revenue is 81% of budget and remains the city's largest recurring revenue source. Overall expenditures remain below budget expectations. Most departments are operating within appropriated budgets, providing flexibility for the rest of this year. City remains financially stable, strong tax collections and controlled expensive expenditures position the general fund to finish the year favorably. Anyone have any questions? No, good job. Thank you. All right. Uh request permission for the mayor to sign the payment amendments with gov ease. Yes, this is related to the tax sale that will be occurring at the end of August, and this is just uh allowing us to update our agreement for us to be able to receive those payments. I have a motion. So moved. So all in favor? Aye. Thank you. I'll ask the board to consider the consent agenda. Motion to the consent agenda with amendments. All in favor? Aye. Thank you. Uh on the regular agenda. Uh request approval for the fiscal year 2026 Avalorum request as resolution from the Oxford School District. Uh sorry. Let y'all step out for so we'll go back to that. Request approval for the fiscal year 26 Avalorum request and resolution from the Oxford School District. Uh, Dr. McConnell. How are y'all? Good, how are you? That time of year it is. Tomorrow, right? Tomorrow. Wow. We're ready. Well, we've already presented everything. Um we need to yeah, that'd be