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County reports FY25 second-quarter status: General Fund at about 53% of budget through Dec. 31
Summary
Budget manager Cheryl Holland told the board the county's FY25 General Fund was roughly 53% expended by the second quarter, noted uses of fund balance and explained timing differences in tax and fee collections that affect midyear comparisons.
Cheryl Holland, the county budget manager, updated the Board of Supervisors on James City County’s General Fund through the second quarter of fiscal year 2025 (period ending Dec. 31, 2024).
Why it matters: midyear revenue and expenditure patterns shape the county’s operating outlook and inform decisions about the five-year capital improvement plan and the FY26 budget.
Holland presented the FY25 revised General Fund budget at $273.5 million (the adopted budget was $255.4 million). General property taxes, the county’s largest revenue source, reflect real-estate reassessment increases and collections from the…
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