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Bel Air CFO reports FY2025 finish above projections; general fund, enterprise fund stronger than budgeted
Summary
Chief Financial Officer Terrence Beaman reported the fourth‑quarter financial results, projecting the general fund to end the year about $970,000 above the adopted budget and the enterprise fund about $552,000 above its budget. The new drainage fund showed a positive balance and the debt service fund met obligations.
Terrence Beaman, the city’s chief financial officer, presented the fourth‑quarter financial report at the Nov. 3 council meeting and said Bel Air’s municipal finances closed FY2025 stronger than the adopted budget.
Beaman said the general fund — with an adopted budget of about $29 million — is projected to end the fiscal year at roughly $30.3 million, or about $970,000 over…
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