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Goochland County finance staff: CIP spending higher than budgeted, general fund to increase modestly
Summary
County finance staff told the audit committee that transfers to capital projects totaled $12.4 million versus an $8.4 million budgeted amount and projected a roughly $500,000 increase to the general fund balance, while noting revenue and departmental underspending.
The Finance Director presented mid‑year projections for Goochland County on the audit committee agenda, saying that as of June 30, 2024, general fund revenues were likely to come in modestly under budget while departmental spending was returning unspent balances and capital transfers exceeded original plans.
"We did spend $12,400,000, and we had only budgeted originally to spend 8,400,000," the Finance Director said, describing an additional $4,000,000 of CIP spending beyond the…
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