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Finance director says general fund has received 84% of expected revenues at midyear
Summary
Finance Director Karen Luffman told the council the general fund has collected about 84% of its expected revenues at midyear; planning and zoning and Main Street variances were driven by consultant costs and grant bill-back timing.
Finance Director Karen Luffman presented a midyear FY26 budget update at the Feb. 5 Centreville Town Council meeting, saying the general fund has received approximately 84% of expected revenues for the year and outlined department variances.
Luffman said a large portion of revenue is front-loaded by property taxes collected in October, December and January and by local income-tax receipts. She reported most general-fund accounts are at or below 50% spent for the year, with three exceptions: planning and zoning (higher due to consultant contracts while the town fills a zoning-manager position), Main Street (64% spent tied to grant spending and timing) and cemetery (driven by contract services).
On planning and zoning, Luffman explained that higher-than-normal contract-services costs stem from continued use of a consultant while the town fills the zoning manager position and noted developer bill-back invoicing sometimes lags when invoices are billed to developers.
Council members thanked Luffman for preparing the report and asked follow-up questions about the timing of grant expenditures and invoice billing practices; Luffman provided explanations on those timing effects.
No budget amendments were proposed at this meeting; council directed staff to continue monitoring year-to-date variances and report at future meetings.
