Overview
Lafayette County's General Fund took in $7,621,372 in FY2024-25 against a final budget of $6,755,241, and spent $3,096,493 against a $3,392,465 budget. After $4,563,794 in transfers out to the constitutional officers, the fund balance slipped $38,915 to $3,290,802 — far above the budgeted ending balance of negative $141,986, because the actual opening balance ($3,329,717) was far above the budgeted $1,300,000.
At a glance
Headline budget
| General Fund actual revenues, FY2024-25 | $7,621,372 |
| General Fund final budget revenues | $6,755,241 |
| General Fund actual expenditures | $3,096,493 |
| General Fund final budget expenditures | $3,392,465 |
| Transfers out (net) | $4,563,794 |
| Net change in fund balance | –$38,915 |
| Fund balance, September 30, 2025 | $3,290,802 |
| Audit report date | June 22, 2026 |
Source: Lafayette County source document
Breakdown
General Fund budget-and-actual schedule, FY2024-25. Revenue components sum exactly to both the final-budget and actual totals; expenditure functions sum exactly to both totals.
| Item | Final budget | Actual |
|---|---|---|
| Taxes | $3,722,805 | $3,663,446 |
| Licenses and permits | $124,000 | $143,470 |
| Intergovernmental | $2,948,613 | $2,936,489 |
| Charges for services | $98,500 | $112,939 |
| Fines and forfeitures | $16,000 | $17,418 |
| Miscellaneous revenues | –$154,677 | $747,610 |
| Total revenues | $6,755,241 | $7,621,372 |
General Fund expenditures by function, FY2024-25 (actual vs. final budget): General government $1,521,229 vs. $1,763,946; Public safety $340,655 vs. $452,363; Physical environment $374,517 vs. $402,954; Economic environment $22,131 vs. $33,332; Human services $216,814 vs. $262,203; Culture and recreation $621,147 vs. $390,348; Reserves (contingencies $72,319 + cash carryforward $15,000) $0 drawn. Functions sum exactly to actual $3,096,493 and final $3,392,465.
Transfers out, actual: Sheriff $3,098,255; Tax Collector $457,335; Property Appraiser $352,571; Supervisor of Elections $372,577; Clerk of the Circuit Court $283,056 — summing exactly to $4,563,794.
Source: Lafayette County source document
Elected officials
The audit is addressed to the Board of County Commissioners of Lafayette County, Florida; individual commissioners are not named in the pulled excerpts, so none are named here rather than guessed. Auditor: James Davis, CPA.
Sources & notes
- Only source used: Lafayette County, Florida, Financial Statements and Independent Auditor's Report, September 30, 2025 (Florida Auditor General e-file). Lafayette County FY2025 financial statements.
- Sum checks: revenue components and expenditure functions each sum exactly to their printed totals; transfers out sum exactly to $4,563,794; $3,329,717 opening balance – $38,915 net change = $3,290,802 ending balance.
- Flags: culture and recreation overspent its final budget by $230,799 (parks operating actual $336,675 vs. $54,006 budget); the budgeted ending fund balance was negative ($141,986) only because the budgeted opening balance ($1,300,000) understated the actual $3,329,717.
- Basis note: the budget-and-actual schedule is required supplementary information: the auditor's report states it is not a required part of the basic financial statements, but that the supplemental information is fairly stated in relation to the statements as a whole.
- Jurisdiction check: document header verified as Lafayette County, Florida, Mayo, Florida.
- Jurisdiction palette: no verified Florida jurisdiction palette was on file, so this page uses the neutral Hometown Numbers dark-glass theme rather than a jurisdiction color.