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Twin City reports $1.4 million fund balance, expects about $38,000 from FEMA; business license fees unchanged
Summary
At its Oct. 7 meeting the Twin City commission recorded a fund balance of $1,403,610.79, was told to expect roughly $38,000 in FEMA reimbursements for Hurricane Helene, and agreed to keep 2026 occupational tax (business license) fees at current levels.
Mayor Matt W. Donaldson read the finance report at the Oct. 7 meeting, stating the city’s fund balance at $1,403,610.79 as of the end of September 2025.
In the pre‑commission workshop, the mayor said the city should receive approximately $38,000 from FEMA within the next few weeks for Hurricane Helene expense reimbursements and gave public thanks to City Clerk Genia Ducker for her role in the reimbursement process. The minutes describe the FEMA amount as an estimate.
Separately, the commission agreed to maintain the 2026 Occupational Tax Certificate schedule at current fee levels; the minutes note the last increase occurred in 2023. The minutes include no further budgetary breakdowns or conditions linking the FEMA funds to specific line items.
