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Oak Hill staff present tentative FY2026–27 budget showing slightly lower spending
Summary
Staff told commissioners the draft FY2026–27 operating expenditures are about 3.4% lower than last year and reported a projected fund balance of $93,600; staff cautioned the draft needs accounting corrections and further detail.
Oak Hill — City staff presented a tentative FY2026–27 budget draft that shows proposed operating expenditures about 3.4% lower than the prior year and a projected fund balance of roughly $93,600 heading into the next fiscal year.
The accounting consultant on the call, Vince Denaglia (S6), said the draft is preliminary and that staff are still “going through and correcting some of the accounting problems that we've had.” Staff emphasized the budget would be refined in follow-up workshops before final adoption. Commissioners requested detailed profit-and-loss reports and line-by-line clarifications for revenue and expense postings.
