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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 taxes, permit fees and assessments, intergovernmental revenue, charges for services, fines and forfeitures, and miscellaneous receipts. Ackerman highlighted that building permits and engineering permits were at 26% and 16%, respectively, at quarter end but are “scheduled to be over budget for the fiscal year,” and that interest and investment income was performing strongly (about 35% YTD).
Ackerman also told the council the town had not yet received approximately $1,100,000 in budgeted grants through the quarter. He named a police-related SACI grant—about $600,000 for assault kits and related testing—and a vulnerability assessment study grant of roughly $400,000 as primary items pending receipt. He framed the delayed receipts as timing and processing matters rather than lost revenues.
On expenditures, Ackerman said overall spending is tracking in line with the adopted budget. Personnel services trended below budget because of vacancies, though overtime costs may offset some savings. Capital and grant spending included about $974,000 in the capital category, primarily for body-worn cameras (about $841,000). He noted the CRA is scheduled to transfer $2,000,000 to the general fund this year as repayment of a loan.
Council members asked about the delayed state and utility payments; Ackerman replied the delay is a recurring timing issue—payments are typically a few months in arrears—and that the town has historically received full amounts once state and utility calculations are completed. One council member praised the town’s transparency for posting budgets and holding public hearings and thanked staff for the regular reporting.
The presentation concluded with Ackerman saying staff will continue to monitor revenues and expenditures and report any significant trends to the council.
