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Gahanna added approximately $3.4 million to its fund balance through the second quarter, bringing the total to about $45.5 million. General Fund revenue reached roughly 56% of the annual plan, while expenditures were about 38% before encumbrances and 64% including them.
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The financial report shows Gahanna’s revenues and spending were generally on track halfway through the year. The city reported about $24.8 million in unreserved funds, equivalent to roughly 10 months of operating reserves, compared with a two-month policy minimum. Income tax collections were about 10% higher than in 2024, though staff will continue monitoring whether that increase continues.
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