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Finance Committee reviews CAPER for CDBG/HOME and year-end budget adjustments
Summary
The Lynchburg Finance Committee reviewed the draft CAPER for the CDBG, HOME and CARES Act funds and held its routine year-end and early-FY26 budget true-ups, including possible use of the city's health-claims reserve.
The Lynchburg City Council Finance Committee on Sept. 23 heard a presentation on the draft program year 2024 (fiscal year 2025) Consolidated Annual Performance and Evaluation Report (CAPER) for the Community Development Block Grant (CDBG), the HOME program and CARES Act CDBG funds.
Grants administration staff said the report summarizes accomplishments for projects funded by the council and covers expenditures made between July 1, 2024, and June 30, 2025. A public notice was published Sept. 5 and the CAPER will come before the full council in a public hearing that night.
The committee then reviewed routine year-end (fourth-quarter FY25) and early…
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