Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Finance topic
No spam. Unsubscribe anytime.
County reports $67.5M revenue and $54M expenditures through Q3; Board approves third-quarter amendments
Summary
Finance Director Meagan O'Neal reported FY2026 Q3 unaudited revenues of $67.5 million and expenditures of $54 million; the Board unanimously approved a slate of budget amendments including a $35.2 million preliminary courthouse budget and multiple grant carryforwards.
Finance Director Meagan O'Neal presented the county's unaudited third-quarter financial results and a summary of capital and infrastructure funding on April 27.
O'Neal reported total General Fund revenue of $67.5 million through Q3, including roughly $48 million in property tax revenue (current-year ad valorem collections approximately $46.3 million) and other sources such as sales tax, permits and investment earnings. Total expenditures through Q3 were $54 million, with personnel costs of about $24 million and education funding (Transylvania County Schools and Blue Ridge Community College) totaling $16.5 million. Debt service was slightly above expected timing at just over $5 million.
On capital and infrastructure, staff reported more than $220 million in county-managed capital projects with approximately $120 million in grant funding supporting those efforts. Education capital active funding exceeds $129 million across multiple projects. The county continues to track FEMA Public Assistance projects for Hurricane Helene recovery with a mix of obligated, pending, and insurance-covered items.
During New Business, Budget and Management Analyst Jennifer Wright presented Budget Amendments 30 through 59 that included establishment of a preliminary $35.2 million courthouse budget, carryforwards for education capital grants, appropriations for fire-rescue facility design, and a $710,000 donation-funded library amphitheater canopy. Commissioner Chapman moved to receive the report and approve the amendments; the motion passed unanimously.
The Board also approved a resolution authorizing the Finance Director to calculate and annually distribute any remaining prior-year fire district tax collections to the appropriate former districts, noting the amounts remaining are small and will decline over time.
