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Finance director reports FY25 fund balance of about 87 days; council seeks more transparency
Summary
Director Alexander briefed council on the FY25 reconciliation, reporting ~87.11 reserve days across funds after adjustments and describing $15.9M in expenditure amendments and about $20.9M in revenue adjustments; councilors asked for more detailed line-item follow-ups, SPLOST rollovers and monthly dashboards.
City finance director provided a detailed reconciliation for fiscal year 2025 and an early look at the FY26 starting position during the Dec. 9 council meeting.
Director Alexander reported that, pending final audit work, the city will close FY25 with roughly 87.11 reserve days across funds (a composite of general fund and local-option sales-tax–related funds). She told council the administration is finalizing budget adjustments that include roughly $15.9 million in additional appropriations in the general fund…
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