# FY Budget 25/26 Close out Meeting June 29, 2026

**Body:** Town of Fletcher — Town Council
**Date:** June 29, 2026 4:00 PM EDT (2026-06-29T16:00:00-04:00)

**Link:** https://sunshinemeetings.org/event/2895

## Summary

**Meeting Overview**
The Town of Fletcher Town Council held a brief FY Budget 25/26 Close Out Meeting on June 29, 2026. The session focused on finalizing the fiscal year budget, reviewing financial statements to ensure all departments were in good standing, and addressing fund balance designations.

**Key Decisions**
The Council voted to assign $33,589.00 to the future fiscal year 2026 Future Park Development fund. This motion passed with a vote of 4-0. Additionally, the Council voted to assign $33,589.00 to the future fiscal year 2026, which also passed with a vote of 4-0. These decisions formally designate the remaining funds for future park-related projects.

**Discussion Highlights**
Assistant Town Manager Heather Taylor led the discussion regarding the Park Development Fund, noting that the fund held $30,868 prior to the addition of $2,065 from golf tournament proceeds and $71 in donations. Taylor also raised a point that the unassigned fund balance was significantly higher than the established policy range. She suggested that designating a portion of this excess balance toward a potential joint library project with the county would demonstrate good faith and commitment to the partnership. The discussion also touched on existing fund balance designations for fee in lieu of payments, greenway development, capital projects, and a smaller $50,000 designation for library projects. Council members expressed support for the success of the year’s golf tournament, noting a significant increase in revenue due to venue changes and higher team participation.

**Follow-ups**
Staff agreed to work on a proposal to present at the July meeting regarding the potential movement of a portion of the unassigned fund balance into a library project designation. Additionally, the town will continue to follow up with the county regarding a Memorandum of Understanding (MOU) and architect selection for the potential joint library project.

**Impact**
This meeting finalized the allocation of surplus funds specifically for future park development, ensuring that resources generated from community events like the golf tournament are preserved for that purpose. The discussion regarding the library project highlights the Council’s consideration of how to utilize excess financial resources to support potential partnerships with the county, which may impact future infrastructure and community facilities.

## Agenda

- [Approval of funds to be assigned to the Park Development fund balance — Heather Taylor, Assistant Town Manager](https://sunshinemeetings.org/event/2895/item/19860)

## Votes

- Motion to assign $33,589.00 to the future fiscal year 2026. — Passed, 4-0
- Motion to assign $33,589.00 to the future fiscal year 2026 Future Park Development fund. — Passed, 4-0

## Video & Transcript

- Recording: https://www.youtube.com/watch?v=KQLqy0Drpm8
- Transcript: https://sunshinemeetings.org/transcript/1997/segments

## Documents

- [agenda_packet_2026-06-29.pdf](https://sunshinemeetings.org/event/2895?document=10202)
- [agenda_2026-06-29.pdf](https://sunshinemeetings.org/event/2895?document=10201)
- [minutes_2026-06-29.pdf](https://sunshinemeetings.org/event/2895?document=10228)
- [minutes_2026-06-29.pdf](https://sunshinemeetings.org/event/2895?document=10855)

## Sources

- [CivicClerk](https://fletchernc.portal.civicclerk.com/#!/events/327)
- [YouTube video](https://www.youtube.com/watch?v=KQLqy0Drpm8)
- [CivicClerk](https://fletchernc.portal.civicclerk.com/#!/events/326)