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Finance committee projects roughly $500,000 surplus for FY25; establishes non‑lapsing senior transportation account
Summary
The Manchester Board Mayor & Aldermen committee on accounts reviewed unaudited financial results for the first 11 months of fiscal 2025, heard projections of a roughly $500,000 surplus, and approved creating a non‑lapsing balance-sheet account for a senior transportation project.
Sharon Wiccans, the city finance officer, told the Committee on Accounts, Enrollment, Revenue Administration on July 1 that the city’s unaudited financial results through 11 months of fiscal 2025 show most departments within budgetary benchmarks and that the city is likely to finish the fiscal year with a surplus.
"So, I'm hopeful that we end the year with a with a bit of a surplus," Wiccans said, adding she estimated the surplus at about $500,000 though the exact figure will be clearer when June closes and year-end reports are finalized in July.
Wiccans reported that the average unobligated balance benchmark after 11 months is 8.33 percent and that all departments are within 10 percent of that benchmark except the Department of Public Works. She said the overall obligated percentage after 11 months is 11.79 percent compared with 11.07…
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