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Finance staff detail balanced budget, fund balances and $13M in identified savings
Summary
Finance Director Stacy Hamm presented unaudited 2025 fund balances showing a general fund increase of about $5.2M and a general-fund reserve at roughly 26% of policy; staff also outlined recurring and one-time savings totaling about $13M from contract negotiations, insurance restructuring, operations improvements and construction savings.
Finance Director Stacy Hamm told the forum that Richland County closed the year with a stronger fund balance than expected and that the numbers presented were unaudited but close to final. "These are unaudited," Hamm said, briefing council on current fund balances. Hamm reported the general fund increased by about $5,200,000 and that the general fund finished the year at approximately 26%, within the county's 20% to 35% policy range.
Hamm also reviewed enterprise and special funds: the county reported…
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