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Peoria County financial update: July fund balances steady; budget book to be released Sept. 30
Summary
County staff reported July month-end finances showing overall revenues on track, identified volatility in PPRT receipts, and confirmed the recommended budget book will be published Tuesday, Sept. 30, with amendment deadlines governed by county rules of order.
County staff reported that Peoria County’s July month-end finances are generally on track and said the recommended budget book will be released Tuesday, Sept. 30. Heather, a county staff member who presented the monthly report, told the board that revenues overall and the general fund are tracking to plan but that year-to-date expenses currently exceed revenues because some larger payments (for example, debt service) occur later in the fiscal year. Heather said personnel spending is at 52% of budget versus an expected 58% through July, attributing the difference largely to vacancies.
The July ending fund balance for all funds was reported as $153,000,000. Heather said…
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