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County finance director previews FY25 year‑end results and FY26 amendment requests
Summary
The fiscal officer reported year‑end FY25 results showing 85% of expenditures spent, higher than expected revenues (101.24%), and multiple fund balances; the report previewed an FY26 amendment request coming next week and noted ARPA and other fund changes.
Lisa (county fiscal staff) presented the fiscal year 2025 quarterly report to the Story County Board of Supervisors on July 22 and said she will return next week with proposed amendments for FY26. Lisa said 85% of budgeted expenditures had been spent for FY25 and that county revenues finished at 101.24% of budget.
She reported an ending general fund balance that will change after next week’s amendment and identified the American Rescue Plan Act (ARPA) fund balance the county expects to draw down this fiscal year. Lisa said the supplemental fund and rural fund had lower ending percentages and that she would amend carryover amounts to reflect expected spending; she did not provide a complete breakdown of all special funds during the meeting.
Lisa also flagged a recent billing confusion with an external vendor, Tyler, noting a $53,000 payment was returned and county staff are investigating whether additional charges totaling about $19,000 are due. She said county staff are working with Tyler to clarify the charge and intended to resolve it through normal accounting processes.
Supervisors asked clarifying questions about revenue sources and fund uses; Lisa noted property taxes represented roughly 60% of county revenue for FY25 and intergovernmental revenue about 20%.
No formal board action was taken; Lisa said she will return with an amendment request for FY26 next week.
