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Heath council reviews FY2025 year-end financials and approves budget amendment ordinance
Summary
Finance staff presented the FY2025 year-end report showing increased property and sales tax revenue, elevated fund balances, and utility-revenue changes; council approved an ordinance to amend the FY25 budget to reflect year-end adjustments and transfers, including reallocations to public safety and capital projects.
Finance director Sam Ayers presented the FY2025 year-end financial report, summarizing revenue and expenditure results, fund balances and capital project status.
Highlights Ayers cited included an increase in property-tax revenue to roughly $6.5 million (about $800,000 higher than the prior year), a year-over-year sales-tax increase of roughly 13—16%, steady utility revenue trends, and lowered legal expenses compared with FY2024. The general fund ended the…
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