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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 adopted budget. The director added a preliminary projection that "we will have an increase to our general fund balance of half $1,000,000 around." (amounts and the projection were presented as preliminary.)
Why it matters: the transfer of additional funds to capital projects affects available operating resources and the county’s near‑term budget balance; committee members discussed how vacancies have suppressed departmental spending and noted the differing budgeting approaches around carrying vacant positions.
Committee members and staff discussed vacancies and conservative budgeting assumptions — some counties budget for expected vacancies, others budget at full staffing levels — with board members noting those choices affect year‑end balances and future allocations.
On routine business, the committee moved and seconded to approve the February meeting minutes; the Chair called for ayes and no formal roll‑call was provided. During the public‑comment period, a resident confirmed a five‑year contract renewal for a vendor referred to in the record as "PD and Ears"; the resident also asked about a scheduling conflict for a November meeting date, and the committee agreed to move a related session to Wednesday, Nov. 6 to avoid overlap with the school board.
What’s next: auditors will return for on‑site testing and the finance office will continue accrual adjustments through mid‑August; the committee adjourned following a properly moved and seconded motion.
