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Sanford posts positive general fund variance in third-quarter report; pension and enterprise funds show pressures
Summary
City staff reported a $12 million positive variance in the general fund for the nine months ending June 30, 2025, while pension investment returns and enterprise funds such as Mayfair Golf Course and Marina showed deficits or market-related declines.
Sanford finance staff presented the city’s third-quarter financial report for the nine months ending June 30, 2025, showing an accounting variance in the general fund and mixed performance across enterprise and pension funds.
Lindsey (finance staff) reported the general fund had a $12 million positive variance as of the nine-month reporting period, but cautioned that she did not expect that position to remain unchanged at year end. Fund balance reserves were at about…
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