Started.

I'll call the order finance committee for October 14th.

I will.

Marcus Bannisik.

Jennifer Beneathus.

Leaf Carlson.

Taylor Herman is running late.

And Heather Carr.

Yes.

All right.

With that, has everyone had a chance to review the minutes?

Any additions or corrections?

With that, we will approve them by consensus.

And we will move on to today's business.

Sam.

I'll get started.

I'll do a quick overview of set the September cover memo that kind of just touches on the high level values of the month.

So as of September, the general fund cash balance was 23.9 million, which was an increase of 865,321 from the prior year end.

Year-to-date general fund revenues are still strong.

They increased about 2.5% compared to year-to-day September of last year.

And all of our operating revenue categories are above the budget target of 75%.

So that's good news as well.

And then our year to date interest income is 1.3 million.

So interest earnings are still strong.

Our income tax and related revenue was above the target.

It was 80.5% of the budget.

So we're still running ahead of our budget for income tax for the year.

Year to date general fund expenditures were about 16.6 million.

And then operating expenditures are still running below the budget target there, about 60% for the year.

So that was kind of September highlights, and we're excited for that and excited to present the budget, proposed budget spike.

Any quick questions on September.

All right.

With that, we will move on to the budget review.

And if I could just have one moment of formality for council, um just an uh reflection upon how the budget's put together.

Uh the supporting department staff is here tonight, too.

And I know that we don't all get to work closely together with them, but um they're a huge part of the story that we have to tell and the thought process that went into a very deliberative discussion.

So if I could just introduce everyone real quick, I'll start with Melissa Heinman from Parkman Creation, Navy from HR, Sean Hughes for economic development.

Behind him would be Jamie Fink from the engineering department, Jeff Tyler, as everyone knows, Anna.

Umler for communications behind Anna is Seth Harding.

He's our billing official.

We all know Chief Salos, um Charles Dukes, Aaron Stanford, and uh Logan Stang.

Um with the transition we've incurred this year.

We had a the departure of our finance director in the middle of the year.

I also wanted to recognize Sam and Chloe Lanka for the effort that they put forth because it's been a pretty straightforward, seamless process to get this document back to you guys, and is a little bit different in the the approach, but I think it's gonna work out really well this year and sets us up for a more seamless conversation going into the future.

Um so without further ado, we were going to turn it over to Sam to kind of go over the document itself, and then we'll reserve time for questions and answers for you guys.

But um, you'll you'll see some themes within this budget just before I turn it over to Sam.

You know, each year of the last five, we've put building blocks together to try to get to a better version of the community.

Um, we've seen a lot of disruption within infrastructure this year, and even more planned for the next couple but 26 uh is envisioned to see a lot more things coming out of the ground, uh, the completion of a lot of assessment that will be beneficial, but also the expiration of some of those costs.

So as we go forward, we'll have replenished resources available for council consideration for our future infrastructure program.

So we're excited about that.

Um with that, I will now stop talking and turn it back.

Thank you.

So you have a printed version of the presentation.

It will be up on the screen also, but it's probably gonna be a little hard to read, so just follow along in the printed version here.

Um, and then the other supplemental documents that are in your folder.

So you have a listing of all of our funds, estimated beginning balances, plus revenues, minus expenses, and then estimated ending balances for the year.

So just so you can kind of see a holistic view of all the financials.

The next document, this kind of black and white one here, is the proposed expenditures for 2026, but it's listed by fund and department, and then by expense category, like capital personnel operating so you can see a good breakout with the information as well.

The last document that you have is an Excel file here, come with blue shaded highlighting.

That is also the 2026 proposed expenditures.