The City of Jamestown has received a clean and early audit from its third-party auditing firm. Officials also learned that the city will have about a $3.3 million "cushion" to soften the impact of cost increases in its 2027 budget. However, if that amount in the undesignated fund balance falls to zero, it could create a deficit situation down the road. That from Drescher & Malecki during Monday's City Council work session. Partner Carl Widmer adds, though, that Jamestown is not alone in that boat...
Carl Widmer: fund balance being a consistent ingredient
Senior Manager Jared Pickard laid out the financials from the 2025 audit, noting that revenues were up significantly from $45.3 million in 2024 to $49.2 million last year...
Jared Pickard: why revenues were higher
However, Pickard adds that expenses also increased from $46.2 million to $48.7 million last year. He says that was due mainly to employee benefits and salaries. The auditors also noted that the city is using $2.8 million from undesignated fund balance for the current year's budget.
