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Council receives FY2023 financial report; approves routine business including appointments and election certification
Summary
Henderson City Council received its FY2023 Annual Comprehensive Financial Report showing a $12.8 million fund balance and $3 million available balance, and approved routine items including board appointments, certification of municipal election results, and the 2024 meeting schedule.
The Henderson City Council received the Annual Comprehensive Financial Report for the fiscal year ending June 30, 2023, on Dec. 11 and approved a series of routine actions.
Finance Director Joey Fuqua introduced Alan Thompson of Thompson, Price, Scott, & Adams, who highlighted key figures in the FY2023 report: a fund balance of $12.8 million and an available fund balance of $3 million. Councilmember Garry D. Daeke questioned whether the firm could provide the unrestricted fund balance; Mr. Thompson said he did not have that figure on hand but said the firm’s Debt Committee could provide it for the Finance Director. City Manager Edward T. Blackmon clarified that Regional Water debts include both business and government components, citing the revenue bond as an example that would be business and loans with NCDEQ as government.
Council approved Resolution 23-44 to receive the financial report on a motion by Councilmember D. Michael Rainey. The council also approved Resolution 23-40 making appointments to the Planning Board, Community-Wide Advisory Committee and the Henderson-Vance Economic Development Commission (motion by Garry D. Daeke), and Resolution 23-36 accepting certified municipal election results from Oct. 10 and the Nov. 7 runoff (motion by D. Michael Rainey). Additionally, the council adopted the 2024 meeting schedule with Resolution 23-42 (motion by Lamont Noel); the schedule change noted was shifting one meeting from Monday to Tuesday to avoid Veterans Day conflicts. All routine items were approved unanimously; two councilmembers were listed as absent for the meeting.
These approvals completed routine administrative and governance tasks; no contested budget votes or additional fiscal authorizations were recorded in the minutes.
