Marianina Pletcher

City investment portfolio performance

The portfolio lost about 0.52% in value this quarter (roughly $150,000 on paper), but still earns about 4.42% in annual income on ~$31 million.

FY 2027 budget squeeze preview

A projected FY26 general fund surplus of under $500K will be tapped to help balance the FY27 budget.

Fund reserve policy and utility transfers

$400,000 shifted from water and sewer funds to the general fund.

Fund Reserve Policy Revisions (FY26)

The policy locks in the roughly 12.5% utility transfers used in recent budget years and could affect how much utility revenue flows to the general fund.

Tressler Settlement Statement

Any settlement costs to the city are not detailed in the available materials.

Charter update not reflected online

Council vs. city manager authority

Audit Services Bid Award

The winning proposal's fee wasn't stated in the discussion, but one competing firm came in at double the lowest price and was eliminated on cost.

City Clerk staffing request

One full-time salary plus benefits in a department with the city's smallest budget.

S&P downgrade of 2016 GO bonds

If the city ever borrows publicly again, it might pay slightly higher yields, though staff said Delaware's thin municipal market could erase that difference.

Fiscal Year 2026 Tax Warrant

Just over $7 million billed citywide; roughly $314,000 more collected than last year.