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Bel Air audits show FY24 surplus; sewer and parking enterprises report anticipated losses, commissioners review budget priorities
Summary
The town’s FY24 audit shows a $486,000 general‑fund surplus, a $389,000 increase to the capital reserve and no internal control deficiencies. Enterprise funds showed a $112,000 parking loss and a $330,000 sewer fund loss, and staff warned future Harford County sewer rate increases may require rate adjustments.
Bel Air finance officials presented the FY24 audit Wednesday and commissioners reviewed several operating and capital budget items ahead of the May town meeting.
Finance Director Lisa reported the FY24 general fund ended with about $486,000 more in revenues than expenditures. "The general fund had $486,000 and change of revenues over expenditures for FY24," Lisa said, explaining the result was driven by $262,000 more revenue than anticipated and $224,000 less spending than budgeted. The town increased its capital reserve by about $389,000 and added $100,000 to the stabilization reserve by…
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