HomeMy WebLinkAbout2026 FY2025-2026 Third Quarter Budget Report General Fund Status Report — FY 2026 3rd Quarter
General Fund Summary
For FY26, the City adopted a General Fund budget of$173.3 million. Council amendments
utilized $67,000 from available reserves in the adopted budget, later authorizing budget
amendments for an amended budget of$176.2 million.
The General Fund ended FY 2025 with an unassigned fund balance of$20.97 million and a total
fund balance of$29.99 million.
The administration continues to monitor expenditures and seek necessary savings to maintain
vital services while also making strategic investments to grow the City's economy and
strengthen the quality of life for residents, workers, business owners, and visitors.
The general fund budget report is presented in several formats for informational value as
follows. After a separate revenue summary, the City's general fund is presented as formally
adopted in appropriation detail showing personnel vs. operating expenditures.
Revenue Summary
Revenue YTD
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
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General Fund revenue collected through the third quarter of fiscal year 2025-2026 was $128M,
72.6% of the budget.
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• Property Taxes (32.3% of GF revenue budget) are largely collected at the beginning of
the fiscal year. They were initially estimated to be $57M. Final numbers will include
exact LBRA and TIFA tax captures and any other adjustments for the fiscal year.
• Income Tax (26.9%of GF revenue budget) collections were $29.5M (62.2% of its
budgeted $47.5M). The Treasury department is hard at work processing annual tax
returns, and final amounts will include any revenues collected within 45 days after
fiscal-year end.
• Licenses and Permits (1% of GF revenue budget) are estimated to be $1.8M. Current
receipts are 49.2% of the budgeted amount slightly under previous, driven largely by
trends in cable franchise fees and medical marijuana licensing factored more
conservatively in the FY 2027 proposal.
• State Grants (14.5% of GF revenue budget) are budgeted to be $25.5M in revenue.
Changes adopted with the State's FY 2026 budget to constitutional revenue sharing
related to sales taxes are began with the February 2026 payment and have only a partial
year impact. The City also received the first payment of its Capital City Services
allocation and will be receiving a final payment for personal property tax
reimbursements in May.
• Return on Equity (ROE) (16.9%of GF revenue budget) represents payment to the City
from the Board of Water & Light (BWL). The contract is 6% of operating revenues from
BWL and with the City receiving payment in allotments based on the timing of budgeted
BWL revenues. Any excess revenue will be included in the final quarter payment.
• Charges for Services (6.4% of GF revenue budget) are trending with the three-year
average for the third quarter. Strong code compliance revenues are currently offsetting
lower year-to-date revenues in ambulance transport fees partially attributable to
accounting and timing changes.
• Fines and Forfeitures (1% of GF revenue budget) are budgeted to be about $1.8M.
Quarter-to-date, receipts are $929k with a significant portion of revenues tending to
occur in the final quarter.
• Interest and Rents (0.6%of GF revenue budget) are budgeted to be $1.1M in FY26 as of
the second quarter amendment. Quarter to date amounts are over 961k.
• Other Revenues (0.2%of GF revenue budget) amount to a small percentage of the
budget with significant variability due to the timing of generally one-time miscellaneous
revenues.
2
Expenditure Summary
Expenditure YTD
100.0%
90.0%
80.0%
70.0%
60.0%
50.0%
40.0%
30.0%
20.0%
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The city has spent almost $131.OM of its FY26 budget, which amounts to 74.3%YTD.
3
General Fund Revenues
FY2026 Q3 YTD
January 1, 12026
FY 2026 FY 2026 FY26 03 3 Year 03
Adopted Amended FY 2026 Percent Percent
Budget Budget 03 YTD YTD Average
Property Taxes
Non-Dedicated 42,885,000 42,885,000 42,909,000
Dedicated - Police 4,237,500 4,237,500 4,237,500
Dedicated - Fire 4,237,500 4,237,500 4,237,500
Dedicated - Roads 2,825,000 2,825,000 2,825,000
Dedicated - Parks 2,825,000 2,825,000 2,825,000
Total 57,010,000 57,010,000 57,034,000 100.0% 98.5%
Income Taxes
City Income Tax 43,990,000 47,490,000 29,535,400
Total 43,990,000 47,490,000 29,535,400 62.2% 65.3%
Licenses & Permits
Business Licenses 112,880 112,880 78,750
Cable Franchise Fees 800,000 800,000 325,584
Medical Marijuana Licenses 824,000 824,000 435,000
Non-Business Licenses 34,620 34,620 34,157
Buildings Licenses & Permits 31,000 31,000 12,843
Total 1,802,500 1,802,500 886,334 49.2% 58.0%
State Grants
Public Safety 2,560,000 2,635,000 2,635,367
Other State Grants 1,520,000 1,520,000 1,464,338
Reimbursements 1,800,000 1,775,000 1,077,217
Revenue Sharing 19,200,000 18,590,000 9,553,602
Capital City Allocation 1,000,000 1,000,000 793,120
Total 26,080,000 25,520,000 15,523,644 60.8% 61.2%
Return on Equity
Board of Water and Light 29,500,000 29,500,000 14,187,223
Sewage Disposal System 300,000 300,000 -
Total 29,800,000 29,800,000 14,187,223 47.6% 49.3%
General Fund Revenues
FY2026 Q3 YTD
January 1, 12026
FY 2026 FY 2026 FY26 03 3 Year 03
Adopted Amended FY 2026 Percent Percent
Budget Budget 03 YTD YTD Average
Charges for Services
Fees 89,700 89,700 51,918
Services Rendered 2,255,700 2,255,700 2,297,828
Building Inspection Fees 2,178,500 2,178,500 2,468,733
Services To Others 64,400 64,400 31,100
Central Stores/Notary 2,000 2,000 300
Public Safety Services 184,900 184,900 106,506
Ambulance Transport Fees 5,980,000 5,780,000 3,169,761
Sales 2,200 2,200 55
Use & Admission Fees 678,600 678,600 514,062
Total 11,436,000 11,236,000 8,640,262 76.9% 83.4%
Fines & Forfeitures
Fines & Forfeitures 1,768,000 1,768,000 929,137
Total 1,768,000 1,768,000 929,137 52.6% 58.9%
Interest & Rent
Interest Income 585,000 885,000 900,000
Rentallncome 215,000 215,000 61,070
Total 800,000 1,100,000 961,070 87.4% 96.5
Other Revenue
Donations & Contributions 136,000 136,000 85,611
Miscellaneous 157,500 157,500 94,884
Sale of Capital Assets 120,000 120,000 2,775
Total 413,500 413,500 183,270 44.3% 101.0%
Interfund Transfers In
Interfund Transfers In 100,000 100,000 100,000
Total 100,000 100,000 100,000 100.0% 100.0
Use of Fund Balance
Unassigned 67,000 -
Total 67,000 -
Total General Fund Revenues 173,267,000 176,240,000 127,980,340 72.6% 72.7%
General Fund Expenditures
January 1, 2026 - March 31, 2026
FY 2026 FY 2026 FY26 03 3 Year
Adopted Amended FY 2026 Percent Q3 Percent
Appropriations Budget Budget Q3 YTD YTD Average
Council
Personnel 697,481 697,481 434,234
Operating 214,919 246,519 157,180
Total 912,400 944,000 591,414 62.6% 64.8%
Internal Auditor
Personnel 238,452 238,452 -
Operating 10,176 10,176
Total 248,628 248,628 - 0.0% 53.2%
Courts
Personnel 5,005,773 5,005,773 3,496,611
Operating 1,651,227 1,651,227 905,844
Total 6,657,000 6,657,000 4,402,455 66.1% 66.4%
Mayor's Office
Personnel 1,073,330 1,073,330 740,956
Operating 297,828 309,628 188,184
Total 1,371,158 1,382,958 929,140 67.2% 70.7%
Media Center
Personnel 664,016 664,016 504,025
Operating 107,511 107,511 78,382
Total 771,527 771,527 582,407 75.5% 68.2%
Clerk's Office
Personnel 1,122,559 1,122,559 771,725
Operating 691,832 691,832 447,733
Total 1,814,391 1,814,391 1,219,458 67.2% 72.3%
Neighborhood &Citizen Engaaement
Personnel 530,319 530,319 386,893
Operating 210,722 210,722 79,176
Total 741,041 741,041 466,069 62.9% 57.5%
Economic Development& Planning
Personnel 4,837,516 4,837,516 3,624,120
Operating 3,580,033 3,580,033 2,570,177
Total 8,417,549 8,417,549 6,194,297 73.6% 73.2%
Finance
Personnel 1,908,500 1,908,500 1,457,911
Operating 566,648 566,648 524,884
Total 2,475,148 2,475,148 1,982,794 80.1% 74.5%
Assessi na
Personnel 1,604,176 1,604,176 1,033,200
Operating 251,268 251,268 193,986
Total 1,855,444 1,855,444 1,227,186 66.1% 55.3%
Treasury
Personnel 2,079,026 2,079,026 1,520,952
Operating 1,008,574 1,008,574 713,541
Total 3,087,600 3,087,600 2,234,494 72.4% 68.5%
Human Resources
Personnel 2,063,930 2,063,930 1,585,476
Operating 648,348 648,348 478,801
Total 2,712,278 2,712,278 2,064,277 76.1% 61.1%
General Fund Expenditures
FY2026 03 YTD
January 1, 2026 - March 31, 2026
FY 2026 FY 2026 FY26 03 3 Year
Adopted Amended FY 2026 Percent 03 Percent
Appropriations Budget Budget Q3 YTD YTD Average
Attorney's Office
Personnel 2,707,215 2,707,215 1,722,426
Operating 331,037 331,037 289,083
Total 3,038,252 3,038,252 2,011,508 66.2% 64.3%
Police
Personnel 49,644,398 50,194,398 35,532,175
Operating 9,200,925 9,200,925 6,426,105
Total 58,845,323 59,395,323 41,958,280 70.6% 71.8%
Fire
Personnel 38,540,084 38,990,084 30,418,113
Operating 6,722,028 6,845,367 4,839,633
Total 45,262,112 45,835,451 35,257,746 76.9% 74.0%
Public Service
Personnel 3,151,767 3,151,767 2,401,824
Operating 10,613,390 10,613,390 8,395,734
Total 13,765,157 13,765,157 10,797,558 78.4% 68.6%
Human Relations &Community Service
Personnel 2,270,323 2,270,323 1,414,800
Operating 320,665 320,665 221,435
Total 2,590,988 2,590,988 1,636,235 63.2% 62.5%
Parks & Recreation
Personnel 6,045,037 6,045,037 4,345,066
Operating 3,844,296 3,844,296 3,015,369
Total 9,889,333 9,889,333 7,360,436 74.4% 69.2%
Human Services
Operating 2,307,000 3,693,261 2,688,373
Total 2,307,000 3,693,261 2,688,373 72.8% 68.3%
City Supported Agencies
Operating 537,500 307,500 270,776
Total 537,500 307,500 270,776 88.1% 34.3%
City Recognitions
Operating 10,000 10,000 7,409
Total 10,000 10,000 7,409 74.1% 9.7%
Non-Departmental
Vacancy Factor (1,500,000) (1,500,000) - 0.0%
South Lansing Distric Library 150,000 150,000 104,235 69.5% 85.9%
Debt Service 987,171 987,171 - 0.0% 17.1%
Net Transfers 6,320,000 6,970,000 6,970,000 100.0% 100.0%
Total 5,957,171 6,607,171 7,074,235
General Fund Total Expenditures 173,267,000 176,240,000 130,956,548 74.3% 72.4%