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Lancaster reports $1.2 million 2024 general-fund surplus; council committee approves bond reallocations
Summary
Director Tina Campbell told the finance committee the 2024 unaudited year-end general fund finished about $1.2 million better than budgeted and most departments came in under budget. The committee moved two bond-amendment resolutions—affecting 2018 (sewer) and 2022 (water) bond funds—to the full council for final action.
Director Tina Campbell told the Lancaster City finance committee on April 1 that unaudited year-end figures for 2024 show the general fund finished the year with approximately $1,200,000 in surplus, reversing a planned transfer from reserves and boosting cash reserves.
The surplus follows actual general-fund revenue of about $71.3 million against a budget of roughly $73.4 million. "These are unaudited reports," Campbell said, adding that audit adjustments may alter line-item detail but not the broad picture: "Overall, we ended the year very well. Most of the departments and the enterprise funds ended the year better than budgeted."
City finance staff said the originally budgeted plan had included a draw of about $2.3 million from cash reserves. Instead, unfilled positions and other expense savings produced the $1.2…
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