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Lewisville presents FY25 midyear budget report; council approves consent items including bond ordinances and land‑use variances
Summary
The finance team presented the FY25 midyear report covering revenues, expenditures and proposed midyear supplemental appropriations. Council approved the consent agenda, which included two bond‑ordinance parameter approvals (GO refunding and waterworks/sewer revenue bonds) and two landscaping alternative standards, all by unanimous votes.
City finance staff presented the fiscal year 2025 midyear budget report to the Lewisville City Council on May 19 and asked council to consider a set of midyear supplemental appropriations and related actions included on the meeting agenda.
Presentation highlights: A finance staff member described revenue and expenditure trends through the year‑to‑date close and explained the timing of midyear reporting (March close and April adjustments). Staff reported the adopted operating budget of roughly $137.3 million for FY25 and provided detail fund‑by‑fund: general fund, hotel‑motel fund, grants fund and utility (water/sewer) and drainage funds. Revenue drivers identified included higher‑than‑budgeted building permits and one‑time landfill host fees and greater interest earnings across funds.…
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