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County administrative officer says FY26 budget 'stellar,' reports $352,000 surplus
Summary
Phil Cirocchi told Broadwater County board members that FY26 revenues reached about 105% of budget while expenditures ran near 74%, producing a roughly $352,000 positive variance after a prior-year $106,000 shortfall; he urged caution before committing funds for capital replacement.
Phil Cirocchi, Broadwater County administrative officer, presented the FY26 quarter review and told the board “the budget came out really good. I mean, it it's it's hard to complain about, the performance. Fact, it is a stellar performance.”
Cirocchi reported total revenues across county funds of about 105% of the budgeted amount while actual expenditures came in at roughly 74% of budget, producing an approximate $352,000 surplus for the fiscal year. He said maintenance assessments finished about 5% above budget—roughly $46,000 more than expected—and the county pulled in $57,000 from the sale of junk and salvage against a $35,000 budget. Penalties and interest were budgeted at $3,000 but produced approximately $9,600 (about 321% of the line item), and miscellaneous revenue lines varied by category.
Cirocchi noted the county carried a negative cash position of roughly $106,000 at the end of the prior year but emphasized the current surplus provides flexibility. He warned the board that earlier plans to fund a $204,000-per-year capital replacement allocation were not fully executed in FY26 because of the prior-year shortfall, and recommended waiting until November assessments clear before moving surplus cash into the capital improvement plan (CIP).
Board members asked practical questions about using surplus for equipment purchases and were generally supportive of a cautious approach: several members said they preferred to wait until the next assessment cycle before approving major capital expenditures. Cirocchi offered to share line-item details by email if members had follow-up questions.
