Danville City finance staff present FY24 results and FY25 outlook; commission discusses restaurant tax, garbage fund and opioid dollars

Lee [last name not specified], the city’s finance director, presented a detailed recap of fiscal year 2024 results and the current estimates for fiscal year 2025, telling the commission that total FY24 general fund revenue ended at $24,335,000 against a budget of $20,752,000 and that total general-fund expenses for FY24 were $32,162,955.

Lee said higher-than-budgeted licensing and fees — which she identified as the primary driver — produced about $19,000,000 in FY24 for those categories. She also said the city recorded capital transfers and other non-departmental transfers that increased the total spending picture; parks and public-safety salaries were among the areas that received larger investments.

Why it matters: the presentation laid out where the city’s revenue growth came from, what funds show pressure (notably garbage/recycling and some parking operations) and options staff are studying to close gaps in future years, including tax-rate changes and a possible restaurant/tourism tax.

Key FY24 and FY25 figures cited in the meeting - FY24 general fund revenue (actual): $24,335,000; FY24 budgeted revenue: $20,752,000. - FY24 total general fund expenses: $32,162,955; parks and rec transfers in FY24: $6,887,000 (of which roughly $1,200,000…