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Finance update: Yavapai County reports a projected $93.1M fund balance and $22.3M in remaining ARPA allocations
Summary
Finance staff briefed the board on FY24–25 revenue and expenditure changes, reported a projected $93.1 million fund balance (pre‑audit), noted a $10.5 million positive net change, and said about $22.3 million of the county’s $45.7 million ARPA allocation remains for projects like broadband and water/sewer.
County finance staff delivered the quarterly fiscal update for the period ending June 30, 2025, highlighting revenue drivers, ARPA earnings, and projected fund balance.
The presenter told the board that FY25 revenues are materially different from FY24 — driven by property and sales tax receipts, transfers in and investment earnings — and that the county’s projected fund balance at year‑end is approximately $93.1 million (pre‑audit). Staff reported a positive net fiscal position of roughly $10.5 million year‑over‑year and explained that transfers in reflected unusual ARPA timing and interest earnings on ARPA balances.
Staff broke down ARPA spend to date: Yavapai County has received a direct allocation of about $45.7 million, of which the county has spent roughly $2.5 million on broadband, $4.8 million on water and sewer, $5.4 million on facilities and other projects, about $700,000 on community health and $10.0 million designated under the ARPA standard allowance; staff estimated roughly $22.3 million remains to be spent across remaining projects. Projects planned for the coming year included community health remodels, a Black Canyon City trailhead and a boardroom remodel among other items.
Sales tax growth slowed (2.7% year‑over‑year — the lowest since pre‑2016), excise tax change was flat (~0.43%), and construction‑related sales were down ~6.8%. Staff also reviewed transfers out, debt pay‑down that was executed early with interest savings, and a proposed transfer of $3.9 million from capital reserve back to the general fund to support cash flow.
Why it matters: The update frames the county’s near‑term fiscal capacity for capital projects and staff asked the board to be mindful of ARPA spending deadlines (dollars must be spent by 12/31/2026). Supervisors requested a project‑level accounting of the remaining ARPA balance, and staff committed to delivering a detailed list of appropriations and reimbursements.
