Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Forsyth County staff warn FY25 shortfall eroded reserves; propose fund‑balance policy to protect bond rating
Summary
County finance staff reported FY25 recurring revenues fell short of recurring expenditures by $29.2 million, a gap largely covered by one‑time transfers and reserves. They proposed a fund‑balance policy targeting 35% unrestricted reserves and 15–20% unassigned to stabilize ratings and guide FY27 planning.
County finance staff told the Forsyth County Board of Commissioners at a winter work session that the county’s recurring operating revenues fell short of recurring operating expenditures by $29,200,000 in fiscal year 2025, and that the shortfall was covered largely by one‑time transfers and reductions in fund balance.
“We saw operating revenues for fiscal year 25 fall short of operating expenditures by $29,200,000,” CFO Terry Goodman said, noting the gap was covered with transfers from the Pandemic Response Fund and other one‑time moves and that those sources will not remain in the general fund long term. Goodman added auditors found no new written compliance findings…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
