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Spring Hill posts $1.3 million net gain for 2024; council moves funds to reserve capital, agrees to prioritize sidewalks
Summary
City finance staff reported stronger‑than‑expected 2024 revenues that produced an additional $1.3 million in general‑fund cash; council approved year‑end transfers and directed part of a proposed medical reserve transfer toward sidewalks.
The Spring Hill City Council heard its 2024 year‑end finances on March 27 and approved staff recommendations to move a portion of year‑end cash into designated reserves for upcoming capital needs, with a new emphasis on sidewalks.
Finance director Mrs. Dunn told the council that 2024 ended “better than budget by $1,400,000” in revenue and that the city will place “about $1,300,000 in additional cash” into general‑fund reserves after accounting for expenses that ran about $73,000 over budget. Dunn highlighted that ad valorem (property) tax, sales tax and development fees together accounted for the largest portions of general‑fund revenue and that strong development fees and higher interest income from certificates of deposit contributed to the surplus.
Danielle Ford presented staff’s year‑end transfer plan. The list proposed setting aside $577,000 to pay for a 2025 vehicle project (to be reimbursed about $320,000 by Johnson County), increasing capital reserves for sidewalks and facilities, and contributing to the employee medical reserve. After council discussion, members agreed to modify the transfers: instead of moving a portion into the medical reserve as originally proposed, council voted to allocate that amount into sidewalks. The motion to approve the transfers as amended carried 5‑0.
Ford also reported on enterprise funds: the wastewater fund had operating surpluses and system development fees that left a cash balance of $8,236,000 at year‑end; the water fund ended the year with just under $1,700,000, including higher‑than‑expected system development fees.
Council members said they wanted to show demonstrable progress on sidewalks and discussed using the city’s annual sidewalk budget (about $100,000) for ready‑to‑construct small projects while saving the larger transferred sum for bigger, strategic projects such as South Street improvements. No change to utility rates was approved at the meeting.
