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County presents FY'25 midyear budget update showing on-track revenues, capital project listings
Summary
Finance staff told the commission that Doña Ana County was on track to meet or exceed full-year revenue targets after January property-tax postings; personnel costs reflected an extra pay period and capital projects and grant adjustments were detailed.
Doña Ana County staff presented a midyear update on the FY25 budget on March 11, reporting revenue and expenditure positions as of Dec. 31, 2024 (six months into the fiscal year) and outlining capital projects and grant adjustments that staff expect to affect year-end results.
A county finance presenter explained that tax revenues were 40% of budget as of Dec. 31, but that January property-tax postings (which occur after Dec. 31) would raise that share to above 60% when included. Investment revenue had already exceeded midyear expectations; staff reported $3.6 million received versus a $3 million budgeted amount. Grants and fair-value accounting adjustments altered some midyear percentages; excluding grants and fair-value adjustments, midyear revenues were about 43% recorded, the presenter said.
On the expenditure side, personnel costs were at 49% of the adjusted budget because 14 pay periods had posted in the first six months rather than 13, which the presenter said made the personnel percentage appear higher than a strict 50% benchmark. Operating costs were at 38% countywide and at 41% for general-fund departments; debt service and capital outlay timing accounted for variances across departments.
Staff reviewed department-by-department midyear percentages, noted several capital items (BOCC TV upgrades completed; fleet and road projects in progress; OEM, detention and fire station projects budgeted), and identified a misposting of $1.6 million in ARPA funds that was corrected and moved out of the general fund into grants revenue.
Presenters summarized a recap that showed a beginning balance of $205 million, revenues earned through Dec. 31 of about $118 million, and expenses of about $127 million; after trust-and-agency adjustments and other accounting items, staff reported an ending cash balance shown on midyear reports.
Why this matters: The midyear review helps elected officials track cash, anticipate carryovers for capital projects and identify adjustments that affect the year-end fund balance and budgeting decisions for FY26 and beyond.
What's next: Staff asked commissioners to submit questions by email for any items needing further detail; the finance team will continue to monitor capital project spending, grant awards and operating expenditures as the fiscal year progresses.
