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Lynchburg reports June receipts of $79,862.58 and expenses of $206,292.62; finance committee report approved
Summary
Fiscal Officer Jordan Groves reported June receipts of $79,862.58 and expenses of $206,292.62, leaving a monthly deficit of $126,430.04. The finance committee reviewed reports and its report was approved by council with one abstention.
The Village of Lynchburg’s fiscal officer reported a substantial June month-end gap during the July 11 council meeting.
Fiscal Officer Jordan Groves told council that receipts for June were $79,862.58 while expenses totaled $206,292.62, leaving expenses over receipts of $126,430.04 for the month. The full fiscal reports were provided to council as enclosed documents.
Judy Davis presented the Finance Committee’s June report. Committee members Chris Toller, Chris Hamlin and Judy Davis reviewed the finance reports with Fiscal Officer Groves on July 11 at 6:00 p.m. and reported no questions or concerns. Marty Bailey moved to approve the finance committee report; Dave Minton seconded. The council approved the committee report with a recorded 5-yes, 1-abstention (Tagg Pendleton). The committee’s next meeting was scheduled for August 8, 2024 at 6:00 p.m.
The figures recorded in the meeting minutes indicate a notable single-month shortfall; the transcript does not provide further detail on whether that gap reflects timing of receipts, one-time expenses, transfers or reserve usage. The fiscal office was assigned follow-up tasks to record appropriation adjustments approved elsewhere on the agenda and to incorporate the adopted revenue budget for 2025 into planning.
