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Finance director presents unaudited FY2025 results; general fund projects modest surplus
Summary
County finance staff presented an unaudited year-end report showing the general fund expected to finish slightly above budget, property-tax increases beginning to show revenue, and grants and school sales tax balances noted.
Miss Calabay presented the Gloucester County Board of Supervisors with an unaudited financial update for fiscal year 2025, which ended June 30. She said preliminary figures show the county likely will finish the year with a small surplus in the general fund and some one-time excess fund balance above the county policy threshold.
The nut graf: preliminary numbers guide budget planning and capital spending; auditors are scheduled on site next week and a final audited report will be presented later this year.
"This is an unaudited report," Miss Calabay told the board and cautioned that figures could change during the audit. She said property taxes made up 62% of general fund revenue in FY25 and that a tax increase adopted…
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