Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Hanover County projects $18.8 million operating balance after third‑quarter financial review
Summary
Finance Director Lauren Knoll told the Board on May 14 that fiscal year 2025 third‑quarter results show higher‑than‑budgeted revenue and projected savings that together produce a projected general‑fund operating balance of about $18.8 million, funds the county intends to use in the FY26 county and school budgets and the five‑year capital plan.
Finance Director Lauren Knoll presented Hanover County's fiscal year 2025 third‑quarter financial report to the Board of Supervisors on May 14, saying the county projects higher revenues and savings that together create a projected operating balance the county plans to apply to the FY26 budget and the five‑year capital program.
Knoll told the board that general‑fund operating revenues through March 31 were about $250.5 million, roughly 67% of appropriated revenues, and projected total year revenues of about $382.0 million — approximately $8.2 million higher than the current appropriated budget. She said the projected revenue upside includes an estimated $3.0 million in additional general property…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
