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Durham projects $12.4 million general‑fund variance in Q4 report; resident urges clearer CIP stoplight
Summary
City finance staff told the council the city will end FY2024–25 with a $12.4 million overall budget variance and a projected $9.5 million draw on reserves; a resident urged clearer capital‑projects reporting after several trail projects showed multi‑year design delays.
Tim Flora, director of finance, told the Durham City Council on Sept. 4 that the city's unaudited fourth‑quarter financial report (through June 30, 2025) shows a projected overall budget variance of $12.4 million and a plan to use roughly $9.5 million in fund balance to close the gap.
Flora said general‑fund expenditures are projected to be about $14.8 million under budget while revenues are roughly $2.4 million under budget, producing the net variance. He told the council the city spent roughly $305 million from the general fund and that 77% of those expenditures were for personnel.
The report showed $295 million in total year‑end revenues; property taxes (52%) and sales tax (35%) were the largest streams. Flora and Christina Reardon of Budget & Management Services said sales tax receipts were about $2.8 million below the adjusted budget, and timing and refund activity by the North Carolina Department of Revenue contributed uncertainty in the final…
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