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Preliminary FY2025: Revenues lower than amended budget; fund balance expected to rise modestly
Summary
Finance staff reported preliminary year-end numbers for FY2025: general fund revenues about $78.6M vs an amended budget of $84.1M, expenditures under budget, a smaller-than-planned draw on fund balance and a preliminary net increase in fund balance of about $888,000; auditors scheduled for October and December presentations planned.
Prince George County's finance director presented a preliminary year-end financial report for fiscal 2025 at the Sept. 23 board meeting that showed revenues below the amended budget but expenditures also under budget, producing a smaller-than-expected use of fund balance and a net increase to fund balance.
Finance Director Miss Drury said the county's amended FY2025 general fund budget totaled $84.1 million, including an $8.1 million planned use of fund balance. Actual general fund revenues collected were about $78.6 million (roughly 93.4 percent of the amended budget), leaving the…
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