City of Alexandria, Virginia
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MEMORANDUM
DATE: NOVEMBER 4, 2026
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER
FROM: KEVIN C. GREENLIEF, DIRECTOR OF FINANCE
DOCKET TITLE:
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Consideration of the Monthly Financial Report for the Period Ending September 30, 2026.
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ISSUE: Receipt of the Monthly Financial Report for the Period Ending September 30, 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 September 30, 2026, General Fund revenues totaled $91.3 million, an increase of $1.2 million, or 1.3 percent, compared to the same period in FY 2026. 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 due in early October when personal property taxes for vehicle and business personal property are due. Personal Property tax receipts are tracking positively ahead of the same period last year. The first installment of the 2026 Real Estate installment is not due until November 16th this year and it is too early to develop a reliable revenue trend. As noted in earlier reports, Consumption taxes are off to a good start and continue to show a positive uptick (Attachment 3).
Revenue may not track consistently with a monthly calendar since many revenue sources have due dates that do not occur evenly throughout the year. Through the early months of the fiscal year, no category has sufficient receipts to establish a clear pattern.
As of September 30, 2026, General Fund expenditures totaled $138.5 mill...
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