Finance report shows revenue exceed budget in Fairview's fiscal year

November 05, 2024 | Fairview, Collin County, Texas


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Finance report shows revenue exceed budget in Fairview's fiscal year
The Fairview Town Council held its regular meeting on November 5, 2024, focusing on financial reports, public safety updates, and infrastructure developments.

The meeting commenced with a review of the financial report for the fiscal year ending September 30, 2024. Town Manager Steven provided an overview, noting that general fund revenues reached $12,098,428, exceeding the budget by over 100% and showing an increase of $690,723 from the previous year. Expenditures also surpassed the budget at $12,421,813, reflecting a rise of $1,517,447 compared to the prior year, partly due to unplanned internal transfers.

In the Water and Sewer Fund, revenue collections totaled $1,053,209, again exceeding the budget and marking an increase of $1,308,220 from the previous year. Expenditures were reported at $9,371,699, which is 97% of the budget. The report highlighted strong performance in property tax, sales tax, and investment income, with the latter reaching $906,000.

The council also discussed the Zoning Defense Fund, which has accumulated $7,300 from 60 donations, with contributions coming from various locations, including multiple states and countries.

Police Chief Chris provided updates on personnel, noting one officer in training and three openings in the department. He reported a successful National Drug Take Back Day event, where 254 pounds of unneeded medications were collected. Chief Chris also announced the promotion of Officer Matt Schuler to sergeant, effective November 1, 2024.

Fire Chief reported on the completion of an HVAC project and shared details about a recent house fire in Heritage Ranch. The cause of the fire remains undetermined, but no injuries were reported, and mutual aid was provided by neighboring fire departments.

In infrastructure news, the council discussed the installation of a new traffic signal at Otter Road and Hart Road, which is expected to be operational by the end of the year. The Fairview View Crossing project is nearing completion, with final adjustments pending before the road can be opened.

Overall, the meeting highlighted the town's financial health, public safety initiatives, and ongoing infrastructure improvements, with council members expressing gratitude for the collaborative efforts of local emergency services. The next steps include monitoring the activation of the new traffic signal and the completion of ongoing projects.

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