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Peoria County reports stronger‑than‑expected FY25 results, explains rollovers and GASB changes
Summary
Staff told the board FY25 actual revenues finished about $11.6 million above budget (including roughly $11.2 million of ARPA recognition), interest income was about $1.7 million higher, and many capital and contract items rolled forward—leaving the county in a healthier position than the revised budget had indicated.
Heather presented a year‑end review for fiscal 2025 and said the county’s financial position was stronger than the revised budget had shown. “We did finish, we did record higher than budgeted receipts from public facility sales tax and public safety sales tax, both about $1,000,000 higher than budget,” Heather said, and she told the board that final FY25 actual revenues finished about $11,600,000 above the revised budget. Heather explained most of that variance included about $11,200,000 in ARPA revenue recognized when expenditures occurred.
Heather described major budget variances and rollovers: charges for services included a…
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