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Owensboro finance staff report FY2025 surplus in several revenue streams; commission hears first reading of carryover budget amendment
Summary
Finance staff reported FY2025 general fund revenues exceeded budget by about $2.83 million driven by higher net profits and insurance license fees; commissioners heard a first reading of Ordinance 11-2025 to carry over appropriations for multi-year projects and approved filing the financial report for audit.
City finance staff presented the city’s year-end financial results and a routine carryover budget amendment for 2025–26.
Angela Wanning, the presenter named in the meeting packet, said June revenues were $4,477,777 vs. a budgeted $4,544,015 (a $66,238 shortfall for the month) but fiscal-year-to-date revenues were $77,129,364 vs. a budgeted $74,299,816 (a positive variance of $2,829,547). Wanning attributed the year-to-date overage to stronger net profit…
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