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Charlotte County staff report healthy overall reserves but $95M hurricane shortfall at budget workshop
Summary
At a March 6, 2025 budget workshop, budget staff told Charlotte County commissioners that while total reserves are approximately $645 million, the county ended FY24 with about a $95 million negative hurricane fund balance; staff outlined reimbursement expectations and long‑range operating impacts tied to capital projects.
At a March 6, 2025 budget workshop, Charlotte County budget staff told commissioners the county holds approximately $645 million in combined reserves but ended fiscal 2024 with an approximate $95 million negative balance in the hurricane fund tied to storm response and recovery costs.
Francine Lizzby, assistant budget director, said the county recently reconciled federal relief programs and reported a reconciliation balance of $147,000,000 related to CARES and ARPA funds. Lizzby said interest earnings have risen sharply — "we're collecting about $47,000,000 of interest on an annual…
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