City of Hopkinsville ends fiscal year with positive revenue

As the 2024-25 fiscal year ends, the Hopkinsville City Council was presented with the revenue findings from the year, which showed positive revenue over expenses with all departments coming in under budget.

By Christian County Now July 17, 2025 11:22 am

Christian County NowHopkinsville Municipal Center and city council chambers. May 7, 2024 (Daynnah Carmona)

HOPKINSVILLE, KY (CHRISTIAN COUNTY NOW) –As the 2024-25 fiscal year ends, the Hopkinsville City Council was presented with the revenue findings from the year, which showed positive revenue over expenses with all departments coming in under budget.

Over the 12-month fiscal year, ending in June 2025, the City of Hopkinsville’s General Fund collected $55,857,772 in revenue, with $55,206,069 in actual expenses. After encumbrances, this left the city with $682,127 in revenue over expenses and encumbrances.

“Our financial policy outlines what happens to that revenue over encumbrance at the end of the year,” said City CFO Melissa Clayton during the meeting. She explained that any time the city has more revenue than expenses it rolls over into the next fiscal year.

50% of it goes into the Capital Equipment Replacement Reserve, 10% goes into the Economic Development Reserve, 10% goes into the Building Maintenance Reserve, and 5% goes into the health trust. This leaves $170,000 that will go into the General Fund for the new fiscal year as a reserve. These adjustments will go into the first budget amendment of 2025 at an upcoming meeting.

“We did not have nearly the revenue over expenses that we had last year, I still think it was a great year though,” said Clayton. “Any time you come out with more revenue than you have expenses, I take as a win.”

To end the year, the cash balance of the General Fund comes in at just under $18 million. The Capital Fund also came in with positive revenue over expenses, with $81,234 remaining after encumbrances. Departmental expenses all came in under budget, which includes the police and fire department, EMS, public works, and parks and recreation.

Bluegrass Splash in Hopkinsville hit the closest to budget, utilizing 99.9% of their allotted funds of $456,483. At the end of the meeting, Councilmember Don Marsh pointed out that the water park has attracted around 500 people per day so far this summer.

Earlier this summer, Hopkinsville Mayor J.R. Knight made his yearly budget address for the 2025-26 fiscal year, which included an increased budget for the city with no tax increases.