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Davie council says first-quarter finances are on track despite timing lags; $1.1M in grants pending
Summary
Town Finance Director Bill Ackerman told the Davie Town Council the town has collected roughly 54% of expected revenues through the first quarter and remains on track for FY2026, though about $1.1 million in budgeted grants had not yet been received.
Bill Ackerman, Davie’s Budget and Finance Director, presented the town’s first-quarter financial report for fiscal year 2026, saying the town had collected “approximately 54% of our revenues, which is basically on par for previous years.” Ackerman told the council the ad valorem property tax makes up about 41% of the general fund and was at 83% for the quarter, below the typical 88–89% because two ad valorem payments were received in December instead of three; he said the missing payment arrived on Jan. 2.
The presentation broke revenues into categories including local utility and other…
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