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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, Christine said motor‑vehicle registration receipts can vary month to month; the FY25 motor‑vehicle budget was set conservatively at $4.5 million while FY24 finished at $4.7 million. She reported $110,000 in income from recyclables through December and said that revenue helps offset disposal costs. On ambulance billing, Christine reported calendar‑year 2024 net ambulance billings of $875,000 and collections of $734,000 (about 84 percent), with roughly $1.2 million in outstanding ambulance receivables and an ambulance fund cash balance of about $500,000.
On recreation funding, Town Administrator Andre Garen told the council the balance in the recreation impact‑fee account as of Jan. 30 was about $119,000. Christine said the top CIP priority tied to those fees is Petersburg field lighting and that a planning estimate for the lighting project was about $437,000, which she said "would pretty much use up all of the impact fees we have to get that project done." She told the council the CIP also includes an earmark for a West‑side park project and that other funding sources — grants or town funding — would likely be needed.
Christine flagged the legal budget line for the town as running high (about 77 percent as of December and closer to 88 percent in January) and said staff would reallocate existing budget lines to cover anticipated legal costs. She also reviewed vacancy and overtime patterns across departments and the timing of paving work that affects year‑to‑date comparators.
Councilors asked questions about building permits and projects in the pipeline that might raise permit revenue. Planning and council members mentioned several proposed developments at various stages; no firm revenue acknowledgements were made beyond Christine's revenue report.
