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Aberdeen finance director reports revenues ahead of expenditures through March; water and system‑development fees rising
Summary
Finance Director Butch Watson told the board that general‑fund revenues are running ahead of expenditures through March and that system‑development fees and certain permit revenues have increased; the town’s power‑bill fund balance is expected to grow if current trends hold.
At the April 28 meeting, Finance Director Butch Watson presented the town’s fund summaries through March 31, 2025 and described multi‑fund performance and cash positions.
Watson reported general‑fund revenues at roughly 89.44% of the current $14.83 million budget through the end of March, while expenditures stood at about 71.93% of budget, leaving the fund in a positive position year to date. He said personal property tax…
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