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Lee County finance staff report FY25 revenues modestly above budget and expenditures under by $9.4 million
Summary
Finance staff told commissioners FY25 revenues exceeded the adopted budget by roughly $500,000, property-tax collections outperformed estimates by about $2.3 million, the county ended the year with increased available fund balance, and the debt-service-to-expenditure ratio was reported at about 14.79%, under the board policy threshold of 15%.
County finance staff presented a FY25 budget-to-actual review showing modest revenue gains and underspending across several categories.
Presenter Jen said the county realized roughly $500,000 more in revenues than the adopted FY25 budget and a 5% increase compared with FY24. Property-tax collections were cited as the largest positive variance, about $2.3 million above estimates; investment earnings produced an average return of about 4.24% and sales-tax receipts helped support the gain. Jen noted intergovernmental…
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