Overview
At June 30, 2025, the City of Colusa's total net position was $40,049,474: $28,961,663 net investment in capital assets, $8,129,422 restricted, and $2,958,389 unrestricted. Governmental activities accounted for $15,040,762 and business-type activities (water, sewer, solid waste, and a wastewater capital reserve) for $25,008,712. Governmental funds ended the year with combined fund balances of $10,788,351, after a net decrease of $511,440 for the year. Governmental activities' net position increased by $767,035 during the year.
Source: City of Colusa Annual Financial Report, year ended June 30, 2025, Statement of Net Position and Statement of Activities.
At a glance — year ended June 30, 2025 (audited actuals)
Source: City of Colusa Annual Financial Report, year ended June 30, 2025.
General Fund — year ended June 30, 2025
| General Fund revenue | FY 2024-25 actual |
|---|---|
| Taxes and assessments | $4,983,781 |
| Licenses and permits | $227,804 |
| Fines and forfeitures | $16,575 |
| Use of money | $145,795 |
| Intergovernmental | $379,434 |
| Charges for services | $127,295 |
| Other revenues | $26,212 |
| Total revenues | $5,906,896 |
| General Fund expenditure | FY 2024-25 actual |
|---|---|
| Public safety | $2,918,969 |
| General government | $1,781,678 |
| Capital outlay | $1,518,448 |
| Public works | $467,067 |
| Culture and recreation | $440,656 |
| Community development | $225,420 |
| Debt service: interest and other charges | $20,096 |
| Debt service: principal | $8,355 |
| Total expenditures | $7,380,689 |
Walk: revenues $5,906,896 − expenditures $7,380,689 = −$1,473,793; plus transfers in $912,321 = net change −$561,472; beginning balance $3,409,323 − $561,472 = ending balance $2,847,851. The ending balance comprises nonspendable $104,619 and unassigned $2,743,232. All governmental funds combined: revenues $8,835,993, expenditures $10,035,788, net change after transfers −$511,440, ending $10,788,351 (beginning restated $11,299,791 − $511,440).
Source: City of Colusa Annual Financial Report, year ended June 30, 2025, Statement of Revenues, Expenditures, and Changes in Fund Balances.
FY 2025-26 adoption — staff-report facts only
These facts come from the March 3, 2026 mid-year staff report, not from an adopted budget book, and no FY 2025-26 budget totals are claimed: in June 2025 the City Council adopted the FY 2025-26 budget with a goal of a zero-deficit General Fund, using $209,802 from Strike Team funds and $217,500 from Supplemental Law Enforcement Services Funds (SLESF) — $427,302 combined — to balance projected expenditures with anticipated revenues. By mid-year, staff projected that even with those funds, the General Fund would end FY 2025-26 with an approximate $295,000 deficit, citing declining sales tax revenues, increased public safety funding needs, and a structural imbalance between recurring revenues and expenditures.
Context from the same report: FY 2023-24 General Fund deficit $809,466 and FY 2024-25 deficit $561,472. The FY 2024-25 figure matches this page's audited General Fund net change of −$561,472 exactly — an independent cross-check between the staff report and the audit. The same March 3, 2026 meeting adopted a mid-year budget (Resolution 26-, number incomplete in the retrieved report) and updated Gann limits for FY 2024-25 and FY 2025-26; the proposed mid-year budget attachment itself was not part of the retrieved file.
Source: City of Colusa staff report, Mid-Year Budget Update, March 3, 2026.
Debt & liabilities
Governmental-activities net position components at June 30, 2025: net investment in capital assets $11,167,981; restricted for general government $226,411, public safety $3,215,789, public works $1,944,824, culture and recreation $769,938, community development $679,030; unrestricted negative $2,963,211; total $15,040,762. Business-type net position: net investment in capital assets $17,793,682, restricted for debt service $1,293,430, unrestricted $5,921,600 (water $3,763,171, sewer $1,988,158, other enterprise $170,271); total $25,008,712. Governmental long-term items in the reconciliation include net pension liability $8,343,104, net OPEB liability $728,861, compensated absences $197,097, and financed purchases $79,650; business-type long-term items include sewer loans payable of $16,736,804 (noncurrent) plus $812,256 current. No single total-debt figure is claimed because the report's debt note was not separately extracted.
Source: City of Colusa Annual Financial Report, year ended June 30, 2025, Statements of Net Position.
Sources & notes
- Sources used: (1) City of Colusa Annual Financial Report, year ended June 30, 2025 (Smith & Newell CPAs, unmodified opinion, January 20, 2026) — all audited figures. Read the report (city site). (2) City of Colusa staff report, Mid-Year Budget Update, March 3, 2026 — FY 2025-26 adoption facts only. Read the staff report.
- Sum checks: net position components $28,961,663 + $8,129,422 + $2,958,389 = $40,049,474; GF revenues sum to $5,906,896; GF expenditures sum to $7,380,689; GF walk $3,409,323 − $561,472 = $2,847,851; governmental funds walk $11,299,791 − $511,440 = $10,788,351; governmental activities $14,273,727 (restated beginning) + $767,035 = $15,040,762; Strike Team + SLESF $209,802 + $217,500 = $427,302.
- Disclosed, not smoothed: (1) basis switch — see the basis notice; the FY 2025-26 adopted budget book itself was not retrieved and no FY 2025-26 totals are shown; (2) the March 3, 2026 resolution number is incomplete ("Resolution 26-") in the retrieved report; (3) the proposed mid-year budget attachment was not in the retrieved file; (4) no total-debt figure is claimed (debt note not separately extracted).
- Fiscal-year labels: audited actuals are the year ended June 30, 2025 (FY 2024-25); adoption facts are FY 2025-26 (adopted June 2025, mid-year update March 3, 2026).
- Jurisdiction palette: no verified City of Colusa palette was on file, so this page uses the neutral Hometown Numbers dark-glass theme rather than a city color.