City of Alexandria, Virginia
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MEMORANDUM
DATE: OCTOBER 7, 2026
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER
FROM: KEVIN C. GREENLIEF, DIRECTOR OF FINANCE
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Consideration of the Monthly Financial Report for the Period Ending August 31, 2026.
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ISSUE: Receipt of the Monthly Financial Report for the Period Ending August 31, 2026.
RECOMMENDATION: That City Council receives the Monthly Financial Report.
BACKGROUND: The following discussion is a summary of the Monthly Financial Report for this period. Detailed comparative schedules are attached.
As of August 31, 2026, General Fund revenues totaled $36.6 million, An increase of 1.4% percent compared to the same period in FY 2025. It is important to note that revenues collected in July and some of the revenue collected in August are for taxes owed in June and are therefore accrued to the prior fiscal year. Timing issues are also much more pronounced in the early months of the fiscal year. The first significant tax revenue for FY 2027 is traditionally due on October 5 when personal property taxes for vehicle and business personal property are due. The bills are mailed in mid to late August and payments processed in August can vary significantly.
Revenue may not track consistently with a monthly calendar since many revenue sources have due dates that do not occur evenly throughout the year. The largest revenue source, real estate tax, is remitted twice per year, in November and June. Through the first two months of the fiscal year, no category has sufficient receipts to establish a clear pattern.
Consumer spending is provided in Attachment 3. While the trend is slightly skewed in the first two months due to the impact of accruals, early signs are positive, tracking ahead of this time last year.
As of August 31, 2026, General Fund expenditures totaled ...
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