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Board adopts appropriation resolution; FY25 closes with $2.53 million cash surplus
Summary
Rockbridge County staff presented the FY2025 revenue and expenditure summary and asked the board to adopt a resolution authorizing payment of bills and additional appropriations totaling $116,643.11 in bills and $18,854 in appropriations. The board adopted the resolution unanimously.
Rockbridge County financial staff reported on Aug. 11 that fiscal-year 2025 revenue totaled $64,479,475, about $7,751 above the budgeted estimate, and that FY25 expenditures on a cash basis totaled $61,949,965, leaving a cash-basis surplus of $2,529,510.
Finance staff asked the Board of Supervisors to adopt a resolution authorizing payment of bills totaling $116,643.11 and approving additional appropriations of $18,854, described in the packet as funding for fire and rescue pharmaceuticals and a regional EMS item. The board unanimously approved the resolution.
Staff noted $1,097,638 was carried from FY25 to FY26, leaving an effective FY25 surplus of $1,431,872 on a cash basis; the county's audit, when complete, will reflect modified-accrual accounting and could change those figures. Staff also reported tax-collection details: sales tax $4,395,900 (99% of estimate); meals/lodging taxes and admissions/cigarette tax tallies were also provided.
Board members asked no substantive follow-up questions at the time of the presentation. Staff reminded the board the county and school division continue work on the new Tyler ERP conversion and chart-of-accounts modeling to align county accounts with the school division's structure.
Speakers quoted in this article are drawn from the meeting record and are listed below.
