The Fountain Hills Town Council approved the transfer of an excess $4.7 million from the General Fund to other funds during its meeting Tuesday, Oct. 21.
The council approved the motion 7-0.
At the end of fiscal year 2025, Fountain Hills had a total fund balance of about $50.2 million, according to a presentation by Town Chief Financial Officer Paul Soldinger. Fountain Hills saw an increase of about $1.1 million from 2024, and left about $4.7 million of excess General Fund balance at the end of the 2025 Fiscal Year on June 30.
