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Leesburg posts clean FY2025 audit, unassigned fund balance at 39%; council hears options for stormwater funding and budget tradeoffs
Summary
Finance staff presented the FY2025 Annual Comprehensive Financial Report showing a clean audit, no findings, an unassigned fund balance around 39% of expenditures, and $3.2M of data‑center money reserved; staff outlined pressures on recurring revenues and potential funding options for long‑term needs such as stormwater and collective bargaining.
Finance staff presented the town's Annual Comprehensive Financial Report for the fiscal year ended June 30, 2025. The presenter reported a clean audit opinion with no audit findings for the second consecutive year and highlighted an unassigned general fund balance of about 39% of expenditures (town policy target 20%), which staff described as providing flexibility for unexpected needs and special projects.
Staff highlighted one‑time and new…
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