County Treasurer reports strong revenue performance ahead of FY 26 budget discussions

The Amelia County Board of Supervisors convened on April 16, 2025, to discuss critical financial updates and preparations for the upcoming fiscal year. The meeting focused on the county's revenue performance for fiscal year 2025 and preliminary discussions regarding the budget for fiscal year 2026.

The meeting began with a presentation on the county's revenue status, highlighting that, nine months into the fiscal year, Amelia County has collected approximately $22.4 million, which represents 89% of the budgeted revenue. Local funding has been particularly strong, with $18.6 million collected, equating to 95% of the budgeted amount. The treasurer and her staff were commended for their diligent efforts in revenue collection.

Following the revenue update, the discussion shifted to expenditures. The total expenditures, excluding transfers, were reported at about $20.3 million. A breakdown of these expenditures indicated that payroll costs are on target, with $5.3 million spent so far, which includes 24% allocated to benefits and 76% to compensation.

The board also reviewed vendor payments, noting that payments processed were consistent with the budget, with $32,467 allocated to benefits and nearly $659,000 to vendors.

Looking ahead to fiscal year 2026, the board discussed potential bonuses for employees. A proposed 1.5% bonus for all employees was calculated, amounting to approximately $47,000. The funding for this bonus is expected to be a combination of state and local resources, with the local portion being manageable based on current revenue projections.

The meeting concluded with a commitment to finalize the budget details before the next meeting scheduled for Monday, where further discussions will take place regarding the fiscal year 2026 budget and additional financial strategies to support residents. Overall, the meeting underscored a positive financial outlook for the county, with strong revenue performance and careful expenditure management.