City administrator reports budget scorecards, economic development task force openings and stormwater purchases

City administration provided several administrative updates: solicitation is open for applications to the economic development task force through Sept. 30, with multiple public seats to fill; stormwater materials for Jackson Street have been ordered and staff will install them when received; and finance staff circulated a financial scorecard through July with draft reserve adjustments to be updated before publication.

During the finance update staff reported five numeric figures for fund balances and recommended operating reserve percentages; the presenter gave balances and reserve recommendations but did not specify units in the open session remarks. Staff said the general fund balance was reported as "4.99" with a 30% operating recommendation of "1.1" leaving reserves at "3.8"; water and sewer and parks fund figures were also presented and will be corrected for final published reports. The administrator praised staff work toward meeting budget targets and said, barring surprises, the city should end the year on budget.

The board did not take formal action on these administrative updates; staff asked aldermen to forward any nominations for the economic development task force and said they will present appointments to the board ahead of the 2026 budget process.