FY2026 budget amendment
Summary
The city moved $4.4 million to a 12-month CD at Grinnell State Bank earning 4.15% as IPAIT rates fall, and hired SpyGlass to audit recurring fees at no cost unless savings are found.
At a glance
- Total mentions
- 4
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 21, 2026.
Impact analysis
A prior SpyGlass-style audit found about $7,200 in annual savings; the new CD earns 4.15% APR.
Taxpayers, through better returns and lower recurring costs.
Mentions & discussions (4)
Finance Committee - Sep 21, 2026
The city is moving about $4.2 million between budget funds to match spending to actual needs. It's housekeeping with money already budgeted, not a new tax or new spending.
City Council - Jul 20, 2026
The city moved $4.4 million to a 12-month CD at Grinnell State Bank earning 4.15% as IPAIT rates fall, and hired SpyGlass to audit recurring fees at no cost unless savings are found.
City Council - Jun 1, 2026
The council formally adopted the amended fiscal 2026 budget after a public hearing where nobody objected. This locks in how the city spends for the rest of the fiscal year.
City Council - May 18, 2026
A public hearing on the FY2026 budget amendment is set for June 1 at 7 p.m., adjusting for use tax, TIF, water project revenues and capital spending — with no tax levy increase.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
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