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.

Future reports on major revenues are forthcoming, and will appear here soon!