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Fayette County reports $32.5M FY2023 General Fund balance, projects FY2024 shortfall after transfers
Summary
CFO Sheryl Weinmann reported a FY2023 General Fund balance of $32,500,167 and projected FY2024 ending fund balance of $30,766,521 after transfers and CIP commitments; property-tax receipts trailed budget by roughly $2 million but a homeowner tax-relief grant partly offset the gap.
Chief Financial Officer Sheryl Weinmann told the Fayette County Board of Commissioners at the May 16 retreat that the county closed fiscal year 2023 with a General Fund balance of $32,500,167 and that, after planned transfers and capital commitments, staff projects a FY2024 balance of approximately $30,766,521.
Weinmann said FY2024 revenues were estimated around $74.8 million…
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