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Sarpy County posts stronger-than-expected FY25 revenues; $112.3 million cash carryforward
Summary
Sarpy County reported FY25 revenues that exceeded conservative budget projections, driven by higher interest income, intergovernmental road payments and motor-vehicle taxes; the county ends FY25 with about $112.3 million in cash to carry forward.
Sarpy County’s chief financial officer presented the county’s fiscal year 2025 fourth-quarter financial report on Aug. 12, showing revenues above conservative budget assumptions and a cash carryforward of approximately $112.3 million.
Dan Tlaikis, the county’s chief financial officer, told commissioners that local revenue totaled about $78.7 million versus a budget of $56.2 million. He attributed the variance primarily to $5.8 million in additional interest revenue, roughly $2.8 million in extra intergovernmental payments for road projects and about $1.7 million more in motor-vehicle tax receipts than budgeted.
Federal revenue was $2.8 million compared with a $1.6 million budget; the overage included revenue from a U.S. Marshals contract that was not included in the budget and reimbursements tied to Title IV child-support grants. State revenue totaled about $25.5 million versus a $22.5 million budget; that increase included an unbudgeted homestead allocation from the state.
Property-tax receipts were reported at $71.7 million, roughly 91% of the county’s property-tax budget; Tlaikis explained the figure reflects timing and the way tax rolls fall into the fiscal year. Capital outlay spending was $38.4 million of a $63.6 million budget, largely because of project timing and favorable bids on road work; about $20 million of planned road capital was underspent and will carry forward. The report also noted a $19 million cash reserve that was not spent in FY25.
Tlaikis said the county is a year and a half into a self-insured health plan; the self-insurance fund’s lifetime cash balance was about $3.2 million at June 30 before accounting for $565,000 in claims activity recorded but not yet paid, leaving about $2.6 million on an adjusted basis. Employment headcount was 676 in June 2025 versus 673 in June 2024.
The county clerk’s office and staff published the full quarterly financial reports on the county’s fiscal-and-budget website, Tlaikis said, and commissioners were reminded of upcoming hearings on road programming and the FY26 budget in the weeks ahead.
