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Council accepts fiscal‑year June financial report and adopts rollover budget ordinance
Summary
Council accepted the June 2026 financial report (end of FY26) showing general fund cash of $12,000,463.51 and townwide cash/investments of $17,447,825, and approved a budget ordinance reappropriating $1,481,481.43 for rollover and capital items.
Butner officials presented the June 2026 financial report, noting June marks the end of fiscal year 2026. The finance summary reported general‑fund cash and investments at $12,000,463.51 and total townwide cash and investments at $17,447,825.
The report showed total collections for the year of $11,637,439 and expenditures of $11,328,016. The finance director noted differences in beer and wine revenue year‑over‑year and said some revenue payments will arrive in subsequent months. Council approved the financial report by motion and subsequently approved a budget ordinance (budget amendment 003 2027) to reappropriate $1,481,481.43 — including capital reserve flows for a planned aerial‑ladder fire truck — with an explanation that much of the funding was previously budgeted and is being rolled into the new fiscal year.
Council also approved a grant closeout and associated ordinance amendment for the infrastructure economic development phase‑1 grant; staff reported the town received $500,000 in state appropriated funding for that project and recognized $36,559 in interest income for the project closeout.
