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Goochland Finance Committee: $13.8M operating surplus projected; financial policy edits adopted for clarity
Summary
Goochland County staff reported a preliminary FY25 operating surplus around $13.8 million (driven by permit-fee spikes and departmental turnbacks) and the committee approved updated financial-policy wording and a motion to move numeric examples into an addendum.
Finance staff presented preliminary fourth-quarter projections showing revenue approximately $4.8$5.0 million above budget, citing a roughly $4 million increase in permit fees tied to Amazon-related activity and departmental turnbacks of about $4 million. The presenter said those variances yield an operating surplus of about $13.8 million before fully funding capital and school projects. "The schools did not need all the money that we…
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