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Budget

Welcome to the HUB Budget Page!

This webpage serves as a one-stop-shop for employees concerning City of Hendersonville Budget resources, calendars, reports, and links.

On June 6, 2024, City Council adopted the recommended budget as presented.

Upcoming Items

Due dates

  • Agenda items for 12/05/2024 due no later than 11/25/2024 at noon.
  • Please work with the budget office to complete amendments before Friday, 11/22/2024.

Draft amendments

  • None at this time.
     

Recently Completed Budget Amendments | October & November 2024

  • 10032024-01: An amendment increasing the WTP 15MGD Expansion Project (#19207) by $332,900 to a new total appropriation of $2,464,400 following the project's bid opening.  The project will be funded by a 2025 Water and Sewer Revenue Bond.
  • 10032024-02: An amendment to the Environmental Services Fund for retiree payments.
  • 10032024-03: An amendment transferring $130,000 of ARP Funds and $75,025 from the Grey Mill Project (301, #18007) to the Governmental Capital Project Fund for the completion of the Ashe St. CDBG Project, #G2201.  The total appropriation for the Ashe St. CDBG project total is $955,025.
  • 10032024-04: An amendment reflecting the adoption of a project ordinance and reimbursement resolution of the Above the Mud Greenway and Streetscape Project, #24011.  The $75,000 initial appropriation covers planning and design phase items.
  • 11072024-01: An amendment clarifying items related to the transfer of funds from the Grey Mill Project to the Ashe St. CDBG project.
  • 11072024-02: An amendment to increase the FY25 Vehicle and Equipment Project, #VE025 using insurance proceeds and transfers in following damages caused by the Hurricane Helene incident.
  • 11072024-03: An amendment reflecting the adoption of a project ordinance and reimbursement resolution for the NC Association of Chiefs of Police grant for emergency personnel software funding for $5,116.
  • 11072024-04: An amendment increasing the budget for the City Hall 3rd floor project by $12,880 for a total appropriation of $162,880 leveraging a transfer in from the General Fund.
  • 11072024-05: An amendment to reflect the adoption of the Helene Disaster Response and Recovery Project, #H2024 with a total appropriation of $5,000,000.

Budget Calendar & Other Important Dates

FY26 Budget Calendar - Helene Revision

FY26 Budget Calendar - Original

  • City Holidays
    • 11/28/2024 - 11/29/2024, Thanksgiving City Holidays
    • 12/24/2024 - 12/26/2024, Christmas, Hanukkah, Kwanzaa, and other City Holidays
    • 01/01/2025, New Year's Day City Holiday
  • Budget team out of office dates
    • Brian: 11/18/2024 - 11/22/2024, 12/04/2024 - 12/06/2024
    • Adam: 12/03/2024 - 12/06/2024, 12/27/2024
    • Jenny: 12/04/2024 - 12/06/2024, 12/23/2024
  • Retreat dates
    • Staff Retreat 01/09/2025 - 01/10/2025.
    • Council Retreat 03/13/2025 - 03/14/2025.
  • Due dates for budget process items
    • CIP Requests Due no later than 01/03/2025.
    • Operating and Personnel Packets due no later than 02/21/2025.
    • Special Appropriations due no later than 02/21/2025.
  • Public hearing and adoption dates
    • The City Manager's FY26 Recommended Budget must be furnished in the Clerk's Office by 05/25/2025.
    • The FY26 Public Notice of a Budget Public Hearing must be advertised by 05/25/2025.
    • The FY26 Public Hearing and Budget Adoption meeting is expected on 06/05/2025.

Sales Tax - July and August 2024 Distributions

July Distributions - Reported in October

MONTH. This is the first (01/12) sales tax distribution of FY25, for sales occurring in July 2024. The City received $537,990.94. This sales tax distribution is -$17,737, or, -3.19% lower than our forecasted amount, $555,728.06. This distribution was higher than the same period last year by +$24,185, or 4.71%.

YEAR. Originally, we estimated $6,396,500 in total sales tax distributions for FY25.  Our revised expectation following this collection is $6,378,763. The General Fund (010) will receive 94.0% of total sales tax revenue collections, the Main Street MSD Fund (020) will receive 5.0%, and the 7th Avenue MSD Fund (021) will receive 1.0%. This split of sales tax revenue between the three funds noted above is standard practice for Hendersonville and remains unchanged for FY25.

August Distributions - Reported in November

MONTH. This is the second (02/12) sales tax distribution of FY25, for sales occurring in August 2024. The City received $571,901.21. This sales tax distribution is +$42,590, or, -8.05% higher than our forecasted amount, $529,311. This distribution was higher than the same period last year by +$65,340, or 12.90%.

YEAR. Originally, we estimated $6,396,500 in total sales tax distributions for FY25.  Our revised expectation following this collection is $6,421,353 (+$24,853, or 0.4%). The General Fund (010) will receive 94.0% of total sales tax revenue collections, the Main Street MSD Fund (020) will receive 5.0%, and the 7th Avenue MSD Fund (021) will receive 1.0%. This split of sales tax revenue between the three funds noted above is standard practice for Hendersonville and remains unchanged for FY25.

FY25

FY25 Quarter 2 Governmental and Enterprise Capital Improvement Plan Updates cancelled due to Helene incident response needs.

Quarter 1 - Governmental

Quarter 1 - Enterprise