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Finance director outlines $172M five‑year capital list, $80M fund balance and staffing requests that would raise personnel costs
Summary
Town finance and management told the Board that while Huntersville has an $80.7 million audited fund balance, much of it is restricted or encumbered, and a $172 million five‑year capital program plus ~22 requested staffing positions would materially affect reserves and operating budgets.
Finance staff and the town manager presented a five‑year financial forecast and a project list to the Board and urged caution: while the town’s audited general‑fund balance was reported near $80.7 million at June 30, much of that total is committed or restricted for capital, debt or specific uses, and a long project list would draw heavily on available reserves.
What finance reported: Patty, the finance director, showed the audited fund balance for FY24 and highlighted two lines commissioners can use: the capital projects balance (about $13.8 million) and the unassigned general‑fund balance (about $26.2 million). The presenters emphasized that many purchase orders and capital encumbrances roll forward year‑to‑year: the staff said roughly $25 million in purchase orders and capital…
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