[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6025239,"mediaKeyId","5756023-49fa27bd4cebcde2e640f97b0e324ff7","parentId",5756023,"title","Republic CFO restates 2025 budget, shifts operating items to capital and memorializes new building costs","audioSeconds",877,"startMs",2422000,"endMs",1545000,"viewUrl","/Search/View?dp=1&key=5756023-49fa27bd4cebcde2e640f97b0e324ff7&start=2422&end=1545","thumbnailUrl","https://assets.pipeline.soar.com/5756023-49fa27bd4cebcde2e640f97b0e324ff7/thumbnail_2422000.jpg","articleUrl","/articles/6025239/Republic/Greene-County/Missouri/Republic-CFO-restates-2025-budget-shifts-operating-items-to-capital-and-memorializes-new-building-costs","mediaUrl","https://secure.pipeline.soar.com/6025239-54831509603170127e65a4ce819cc700/orig.mp4?Expires=1771212222&Signature=Elvf0RbanvZmMMcej8Wb4Re7fn0RKSjr95pt6M7dipSaX32l2NKR21bpyXCENs5RC4ovZ9xZxlW7tO5u7CyMsC2yLEwPdmlwCHh48fsnjHNLSucpPfDYAKa8CiFyJ2GrFcBvIliNcQHIFSa70QaDnGZBVNxpEheuU7ymXFGQ5UFEib9Jc5ppLspJQskdq4AwgEueqbWVbP7M6I~ZDE1K~CYr7hWopqr6B0pDfLSUcsUsO~F2Bcm7msLPu3RkmwIzbM6zjEFVUPHgMSnyy2x-lzRn1oCxuQa8X4npPXCouGjvAFlcXDY7bq6BNyE6C0Ar~tmgHe0nvci0uP9jm9c0yw__&Key-Pair-Id=KUT5TJCACFTXG","author","City of Republic","date","2025-08-27T00:00:00Z","article","Bob Ford, Chief Financial Officer for the City of Republic, presented a restated amended 2025 budget at a city workshop and said the changes mainly move capital-related revenue and expenditures into the capital budget while recognizing new revenue from utility rate increases.

Ford said the restated figures move capital items that had previously been in the operating budget back into capital — “We’re moving a million dollars out of the operating budget. We’re putting a million dollars in the capital budget” — and that the consolidated net surplus remains unchanged from the originally approved budget at $4,500,000 before the other amendments.

The nut graf: the amendment documents where money actually belongs, recognizes higher water and wastewater revenue from recently implemented rate changes, and shows incremental operating and capital changes that the city has already approved or expects to approve. Ford told the council the amended operating position improves by about $1,100,000 compared with the approved budget, driven mainly by higher water and wastewater revenue and increased interest income, while capital uses increase by $2,100,000 largely to fund the new administration building and a larger JR Martin Park project.

Details: Ford reported a consolidated operating surplus (restated) of about $3,500,000 and a consolidated capital surplus of about $1,000,000, which together produced a consolidated net surplus of $4,500,000 in the restated budget. He said water fund revenue increased by about $562,000 and wastewater by about $500,000 because the rate assumptions built into the original budget were too low. Interest income was up about $210,000 due to a slower spend rate and higher cash balances. Parks revenue was reduced by an estimated $187,000 because of weather and by $41,000 in rental revenue after Northpointe Church stopped holding services in city facilities.

On the expense side, Ford said personnel costs are down by $443,000 because of vacant positions and the assumed later start date for the new city administrator, while legal expenses increased by $223,000 to cover outsourced legal work discussed in executive session. He also said roughly $7,575,000 of project spending originally planned for 2026 has been pulled into 2025 for Project Genesis-related work.

Capital: Ford described a $2,100,000 net increase in capital uses compared with the approved budget. He said most of that increase is tied to the new administration building (structure, IT infrastructure and furniture), which he said will increase the general-fund cash outlay. Ford said the general fund will use about $6,500,000 of cash to fund the building, IT and furniture, from an available general-fund balance he described as “over $10,000,000” today. He told council the administration building appropriation was previously adjusted through a series of resolutions: the approved total for structure and related previously rose to $5,000,004.65 under earlier council resolutions, and separate resolutions have already approved IT SAN infrastructure ($100,000) and an incremental IT appropriation for the building ($564,500).

Ford said JR Martin Park capital moved from $1,300,000 to $2,300,000 in expected cost; the council previously approved a $1,000,000 placeholder from Arvest Bank as a funding source so bids could be solicited. He said parks vehicles totaling about $80,000 will be funded with $16,000 from parks cash and $64,000 from a Greene County grant approved in 2024. He said the furniture line in the administration building budget is a $450,000 placeholder, and bids indicate the final amount will likely be significantly less.

Debt and cash: Ford reviewed the city’s debt and said the starting debt balance was a little over $60,000,000 and will rise as the city draws SRF funds for the wastewater plant; he noted about $550,000 of principal was repaid this year on vehicles and Series 2017 debt. He cautioned that newer amortization schedules front-load lower early principal and rising principal later, meaning debt-service obligations tend to grow faster than the modest sales-tax growth assumptions used in revenue forecasts.

Process and approvals: Ford said many capital increases referenced in the amended budget have already been approved in prior council resolutions and that the purpose of the workshop presentation was to memorialize and re‑bucket items into the proper funds. No formal council votes or motions were recorded in the workshop minutes during this presentation.

Ending: Ford said the city’s amended budget shows the city’s net surplus rising from $4,500,000 to about $5,600,000 after the adjustments and reiterated the city plans to move to earlier and more frequent budget amendments in future fiscal years to reduce late-year adjustments.

","mediaType","Video","parentTitle","City of Republic - City Council Workshop - August 26th 2025","oneSentenceSummary","Bob Ford, Chief Financial Officer for the City of Republic, presented a restated amended 2025 budget at a city workshop and said the changes mainly move capital-related revenue and expenditures into the capital budget while recognizing new revenue from utility rate increases.","taxTitle","Republic, Greene County, Missouri","taxId",71795,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6025229,"Republic CFO explains Hancock Amendment limits as proposed property tax rates fall slightly",350,1590000,1940000,"/Search/View?dp=1&key=5756023-49fa27bd4cebcde2e640f97b0e324ff7&start=1590&end=1940","https://assets.pipeline.soar.com/5756023-49fa27bd4cebcde2e640f97b0e324ff7/thumbnail_1590000.jpg","/articles/6025229/Republic/Greene-County/Missouri/Republic-CFO-explains-Hancock-Amendment-limits-as-proposed-property-tax-rates-fall-slightly","https://secure.pipeline.soar.com/6025229-efd4c7fffda69fcd48b5b0cabdb5e3ba/orig.mp4?Expires=1771212222&Signature=EiRCHdpMwveODguL4pEAPTT4XNy~JR-JV3rOg6iMvgsRanBQfp5dBdesO4xV1AitTvXLhftL1xiEwIGl8tBca9KX9HbOwfqKGAFip9Cdw-S2LEU4ryTskpqpc-clZw~BunTZlMSCTeaKOs9B3qQ1TdFGzpQUYGSc9a3cQuD-93IjGSe~TXvl5pZuIfZ9toSLERxj6435VnRml0v35Hh676c8YjxES3btkMf4g5xsmBG67sumyQ1afBZPqYi4exCVRMYuPpqq0F~8e8aeztgfYJ7azQycVnyaPuXtDLo1nfV8WZp2wBhATrCd2ev4hL7KUsnu36olIpB~I2lOQOz-hA__&Key-Pair-Id=KUT5TJCACFTXG","Bob Ford, Chief Financial Officer for the City of Republic, reviewed the city's property-tax levy calculation process at a workshop and explained why the city's permitted tax rate per $100 of assessed value can fall even when overall tax revenue grows.

Ford said the Hancock Amendment to the Missouri Constitution limits the permitted growth in property-tax revenue to the smaller of (1) the change in assessed value for the same basket of property year over year, (2) the Consumer Price Index (CPI) or (3) 5 percent. For the year discussed, the state-defined CPI cap is 2.9 percent, which caps revenue growth despite a larger change in assessed value.

The nut graf: because assessed value for the consistent basket of properties rose faster than the cap, the allowable tax rate per $100 of assessed value declines; however, the larger assessed base yields modest additional property-tax revenue for the city.

Ford walked council through the calculation: he reported an adjusted assessed value for the fixed basket of properties of $387,000,000 for the current year versus $351,000,000 for the prior year (a 10.2 percent change). Using last year's tax rate on the prior assessed value and applying the 2.9 percent CPI cap, he derived the city's new general-operating levy of 0.3985 per $100 of assessed value. He reported proposed levies for parks and recreation at 0.1074 per $100 and for streets at 0.0613 per $100.

Applying the new rates to the total assessed value for the city (including new construction), Ford said the calculation yields expected property-tax revenue of roughly $2,300,000 that will cash flow in fiscal 2026; he also noted county processing fees (Greene County 3 percent and Christian County 4 percent) reduce the net to the city.

Ford said this year's analysis shows a lower tax rate per $100 because of Hancock Amendment limits, but the city will still collect more revenue overall due to the larger assessed-value base. Council did not record any formal vote on the levy in the workshop transcript.

Ending: Ford said staff follows the statutory process of excluding new construction when calculating adjusted assessed growth and will bring the formal levy ordinance for council action consistent with state deadlines.

","At a city workshop, CFO Bob Ford explained how the Hancock Amendment caps growth, calculated the city's adjusted assessed value and proposed 2025 property tax rates, and reported an expected $2.3 million in property tax revenue for fiscal 2026.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6025234,"City of Republic to replace Tyler with Sage Intacct, launch Square payment pilot and integrate PayStand in Project Genesis",153,1238000,1391000,"/Search/View?dp=1&key=5756023-49fa27bd4cebcde2e640f97b0e324ff7&start=1238&end=1391","https://assets.pipeline.soar.com/5756023-49fa27bd4cebcde2e640f97b0e324ff7/thumbnail_1238000.jpg","/articles/6025234/Republic/Greene-County/Missouri/City-of-Republic-to-replace-Tyler-with-Sage-Intacct-launch-Square-payment-pilot-and-integrate-PayStand-in-Project-Genesis","https://secure.pipeline.soar.com/6025234-e4c7cc3f90dd851b487da4f27603ae6e/orig.mp4?Expires=1771212222&Signature=YUIHKxFTCeWKcRxot4xEirZf22hJiupqL9jLrVWOmvp9y2F5Fsen6OQVNUT1ExUTbvAcjwfJ-0hWm5D4jVvvJEP8RuRFD-gYZfWJIeZbL7wgR3aDHmP8p3tBdOdmQEmnPWbhLUZ3oJY3ITuxzGD4DKAONQyiULdrP2AX8-TgmWd3l7PknuHGoh5F3EeQvBb3loCdriO1vExxS~beYQ9Jn6HwRJv~J8gBEUZU2ueFXJatVYYt5cqPlSI5W-utAooXQXWXpL2gLbEKwPc64VrhTblg3hFnLwHkvrgT0caAAZsyzVE8ZMQm-Tp6ZS3-dNdTLGFZw8sqRYKyQo0OYs4Fyw__&Key-Pair-Id=KUT5TJCACFTXG","Bob Ford, Chief Financial Officer for the City of Republic, outlined the Project Genesis enterprise software rollout and a move toward paperless payments at a city workshop, naming the primary platforms and target go-live dates.

Ford said the city will replace its current Tyler systems with Sage Intacct as the core financial engine and that \"We will go live with Sage Intacct ... on November 1.\" He described ADP as the HR and payroll solution that will be deeply integrated with Sage Intacct and said ADP will go live on Dec. 21 to capture a full payroll cycle in the new system.

The nut graf: Project Genesis ties a new ERP (Sage Intacct) to payroll (ADP), a new utility-billing solution and modern payment tools to reduce cash handling and move the city toward a paperless payments model.

Ford said the city will replace Tyler-based utility billing with Continental Utility Systems (a vendor referred to as Continental) to provide a more streamlined customer portal and billing experience. He said the city will pilot Square as a point-of-sale tap-to-pay solution for parks and go live with Square on Oct. 1 to reduce on-site cash handling; he added that the city currently uses Loomis armored car service to collect cash but wants to minimize the need for cash pickups.

On AR/invoicing, Ford said the city will adopt PayStand for accounts receivable invoicing because it integrates with Sage Intacct and will make community-development invoicing and collections easier. Ford described the overall objective as reducing paper and cash handling across departments and improving customer-facing payment options.

Ford and staff acknowledged some elements are further along than others: utility billing conversion is \"a little more cut and dried,\" he said, while community-development automation still requires development with staff. Council members asked whether permits and bidding will be paperless; Ford said that is the goal but that some comm-dev processes will be built as they go.

Ending: Ford said Project Genesis is a multiyear, multi-module effort touching every department and that staff will bring implementation timelines and additional details to council as modules approach their go-live dates.

","CFO Bob Ford outlined the city's Project Genesis rollout, including a November 1 go-live for Sage Intacct as the core ERP, ADP payroll integration in December, an October 1 Square point-of-sale pilot for parks, and adoption of PayStand for accounts receivable invoicing.","actionData","errors"]

Article not found

Republic CFO restates 2025 budget, shifts operating items to capital and memorializes new building costs

Republic CFO explains Hancock Amendment limits as proposed property tax rates fall slightly

City of Republic to replace Tyler with Sage Intacct, launch Square payment pilot and integrate PayStand in Project Genesis