The City of Falls Church’s chief financial officer Kiran Bawa reported to a work session of the Falls Church City Council this Monday a whopping (for a jurisdiction Falls Church’s size) $4.05 million surplus at the end of the last fiscal year that ended June 30.
The projected annual budget of revenues and expenditures of $101,798,892 came in at an actual $100,993,152, a difference of that four million. The biggest single contributor was general fund revenues that came in 3.5 percent above budget and was reflected in a healthy meals tax growth of 34 percent above budget, even as the growth in sales taxes was only 3.5 percent above budget.
