Lake Point's 2025 Actual column matches the audit's 2025 final budget

Lake Point's fiscal 2025 audit cited the city for a budget whose columns were "severely mislabeled." Budget drafts posted in June 2026 for a council public hearing carry a "2025 Actual" column whose figures match the fiscal 2025 final budget printed in that audit. The audit reports different actual results. ^[1][2][3][5]

The figures

The draft fiscal 2026 amended budget and the tentative fiscal 2027 budget, both dated June 15, 2026, list 2025 actual sales tax of $536,977 and property tax of $461,606. The audit's budget-to-actual schedule shows $536,977 and $461,606 as the final budget for those lines, and actual collections of $662,124 in sales tax and $424,780 in property tax. ^[1][2][3]

The drafts list total 2025 General Fund revenues of $2,583,472.28. The audit shows $2,583,472 as the final budget and $2,244,598 as actual revenue. The drafts also show $498,120.28 in 2025 transfers and contributions; the audit's final budget lists $498,120 as use of fund balance, with no actual amount. ^[1][2][3]

The drafts list a $472,000 transfer to the capital fund as the 2025 actual. The audit shows $472,000 as the final budgeted transfer and $851,856 as the actual transfer. ^[1][2][3]

The drafts list $1,800,758.09 in 2025 General Fund expenditures. The audit shows a final expenditure budget of $1,312,454 and actual expenditures of $1,465,387. ^[1][2][3]

The earlier finding

Finding 2025-04 says "the budget officer failed to properly label the budget columns" and recommends the budget be reviewed before publication so the figures match their labels. Management said it agreed. ^[1]

In the draft amended fiscal 2026 budget, the General Fund expenditure summary's third column is headed "Estimated," while the department pages use "Amended." ^[2]

The June 24, 2026 meeting

The June 24, 2026 agenda lists hearings and resolutions on the fiscal 2027 budget and the fiscal 2026 amendment. The signed minutes are posted as a scanned image. ^[4]