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Gahanna finance director reports year-end strength; capital spending and bond-funded projects drive encumbrances
Summary
Finance presented 2025 year-end results: general fund revenue exceeded budget (107%), with income-tax strength and about $44.8M in fund balance (roughly 11 months operating, excluding a one-time CIC expense). Capital spending and encumbrances remain substantial, driven by large bond-funded projects.
Director of Finance Joanne Burry presented the 2025 year-end and capital improvement program (CIP) update to the finance committee, reporting that the general fund finished the year at about 107% of budget with an 8% increase in revenue driven primarily by income-tax receipts.
Burry said general-fund expenditures tracked at roughly 76% of plan (about 89% when encumbrances are included). She reported a year-end general fund balance of approximately $44.8 million, of which about $7.0 million was…
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