County financial presenter flags $10M variance, projects later transfers
County financial presenter reviewed July accounts, noting a $17.48M reserve, an FY27 budget total presented for review, and a $10M budget-to-actual variance driven largely by timing of prior-year transfers and an employee-benefits transfer; about $797,381 remained unexplained pending lapse-fund reconciliation.
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County financial presenter (speaker 6) reviewed the July financial package and highlighted reserves and cash balances. "I want to point out that 38,000,000 is your total fund balance," the presenter said while also noting a reserve amount of "$17,480,166." The presenter stated the FY27 budget was shown at roughly $163,000,002.52 and walked the group through the budget-to-cash comparison and year-to-date activity.
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