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Fairgrounds finance report shows $685,200 variance; board to use fund balance to cover shortfall
Summary
Finance staff reported preliminary FY25 results showing approximately $3.6 million in revenue, $4.3 million in expenses and an approximate $685,200 shortfall that the board intends to cover with fund balance. Staff also summarized division-level variances and a forthcoming reporting change to separate administrative overhead.
Finance staff presented preliminary financial results for FY25 and reported approximately $3,600,000 in revenue and about $4,300,000 in expenses, leaving an approximate variance of $685,200 as of the report dated July 21, 2025. Depreciation expense was reported at roughly $1,300,000; after depreciation adjustments the operating variance on the ledger was characterized in the presentation as approximately $2,000,000 when compared to certain adjusted measures used internally. Division-level details presented by…
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