Hendersonville Finance Committee 5/26/2026

The City of Hendersonville Finance Committee held a meeting on May 26, 2026, primarily discussing financial updates and budget-related matters. Key procurement-related discussions included updates on the status of amounts owed to the county by developers, with the outstanding balance significantly reduced to under $38,000 and plans in place for collection. The committee agreed to remove this issue from future agendas unless significant changes occur. Additionally, the committee reviewed positive sales tax revenue trends, noting a 2.4% increase over budget and strong hotel/motel tax collections exceeding projections by approximately $60,000. Investment income was also reported as strong, with the fiscal year expected to end over budget. No new contracts, RFPs, or vendor selections were discussed during this meeting.