Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Fayetteville council receives financial update showing strong reserves; staff urges citywide compensation study
Summary
CFO Tiffany Murray told the Fayetteville City Council the city ended fiscal 2025 with a fund balance just over $102 million and an adjusted unassigned fund balance near 16%; staff asked council to consider a citywide compensation study for non-public-safety departments during upcoming budget season.
FAYETTEVILLE — The Fayetteville City Council on April 13 received a financial report from CFO Tiffany Murray showing the city ended fiscal 2025 with a total fund balance just over $102 million and an adjusted unassigned fund balance of roughly 16% before recent appropriations.
Murray told the council that, after accounting for nonspendables, restrictions and assignments, the city had "an unassigned fund balance just almost $27 million" and that overall the "city is in a strong financial position." She said revenues are trending comparable to the prior year and that about $11 million of the year-over-year increase was driven by property-tax collections tied to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
