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Leon Valley presents unaudited FY25 year-end report: revenues close near budget, expenditures underspend
Summary
Finance Director Carol Gehring reported unaudited FY25 results showing general fund revenue collections at about 93% of budget and expenditures at about 75–76%, with variances driven by timing, vacancies and project rollovers; staff flagged planned rollovers and pending audit adjustments.
Carol Gehring, Finance Director, presented the monthly financial report for the period ending Sept. 30, 2025, noting it represents the final month of fiscal year 2025 and that figures remain unaudited.
Key points from the presentation included: ad valorem (property) tax revenue about 2% lower year-to-date than the prior year (attributable in part to appeals); sales-tax timing differences (collections two months in arrears); interest…
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