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Town finance director reports mid‑year budget status; recreation impact fees earmarked for Petersburg lights
Summary
Finance Director Christine presented the town's mid‑year financial report as of Dec. 31, 2024, outlining operating‑budget spending, ARPA expenditures, revenue collection trends and the status of recreation impact fees and earmarked CIP projects.
Finance Director Christine presented the Town Council with a quarterly financial report for the six months ending Dec. 31, 2024, describing operating spending, revenue collections, ARPA use and several departmental highlights.
Christine said the town had spent about half of the operating budget through mid‑year and that several adjustments were made to the default FY25 budget, including reduced paving, fewer cruiser purchases and cuts to some training lines. She said the town had spent just over $1 million of ARPA funds and had about $499,000 in ARPA contracts remaining.
On revenues,…
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