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Committee hears July financials: revenues ahead of expenses, year-end adjustments expected
Summary
Lexington City committee received July (Period 1) unaudited financials showing revenues ahead of expenses, timing-driven personnel and operating variances, and partner-agency payment timing that will smooth as fiscal-year close proceeds.
The Budget, Finance and Economic Development Committee of Lexington-Fayette Urban County Government was briefed on the city's July 2025 financials during its Aug. 19 meeting. The presentation said July represents one month of Fiscal Year 2026 results, the figures are unaudited and subject to adjustments as the city completes year-end closing processes through October.
Committee Chair and Commissioner Hensley asked staff for the update, and Director Wes Holbrook and Director Melissa Luker reviewed revenues and expenditures. Holbrook said net profits and several revenue categories are running close to or better than…
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