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Bel Air accepts fiscal 2024 audit showing $486,592 excess in general fund and healthy reserves
Summary
The Board accepted the town’s FY2024 audit by SB & Company LLC, reporting $486,592 excess general fund revenues, positive investment gains in town pension and OPEB funds, and transfers to stabilization, stormwater and capital reserves.
The Bel Air Board of Town Commissioners on May 5 accepted the fiscal 2024 audit completed by SB & Company LLC, which reported an excess of revenues over expenditures of $486,592 in the general fund and healthy reserve balances across the town’s funds. Director of Finance Moody presented the audit and the board approved acceptance by roll call.
Moody said the town’s unassigned general fund balance was about $2.6 million at year end, down roughly $43,317 from the prior…
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