First quarter report in for FY23 in Charlottesville
Charlottesville City Council spent an hour and a half on Monday taking a look at the plans for the budget for the fiscal year that begins next July. I’ll have more about that conversation in a future edition of the newsletter
But they also got a snapshot summary of the first quarter of the existing fiscal year at the beginning of their regular meeting from Krisy Hammill, the city’s budget and performance director.
“We are looking at a revenue surplus at the moment based on our performance in the first quarter,” Hammill said. “If everything were to hold true with that, we are looking at roughly $4 million revenue surplus for FY23.”
That’s a very tentative number. A more secure number is the surplus for FY22 which will be formally known as an audit comes closer together. The estimate at the moment about that is around $14 million.
“I think it’s going to be a little bit more than we talked about earlier but we’ll just have to wait and see until we get the real numbers,” Rogers said.
More on how that money might be spent when I’m able to do that deeper dive into the city budget work session.
For now, take a look at the city’s Budget Explorer, which now should contain data from July 1 to September 30 of this year.
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