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County finance staff says revenues are on target; expenditures above benchmark due to timing and insurance
Summary
Finance staff presented first-quarter financial statements showing revenues slightly above benchmark and expenditures modestly above benchmark because of pre‑paid insurance and debt service timing; a budget amendment for workers’ compensation was flagged.
Jackson County finance staff presented first‑quarter financial statements to the General Government Committee and the committee voted to receive and file the report.
Cecilia, the county finance staff member presenting, said total expenditures were at 25.9% of the annual budget compared with a 25% benchmark and a three‑year average of 24.2%. Revenues were at 12.2% year‑to‑date against a three‑year average of 11.3%.
Cecilia attributed the higher expenditure percentage to timing: the county pays some insurance premiums in advance and certain debt‑service transfers come due at specific times of the year. She told the committee these timing differences should even out by year end but said the county will need a budget amendment to cover an increase in workers’ compensation costs; she said that amendment would be brought to the committee in coming months.
A commissioner asked about open positions; Cecilia said she was not seeing the same number of unfilled positions that had skewed spending in past years and described that as a positive sign for year‑to‑date spending control.
A motion to receive and file the first‑quarter financial statements was made and seconded; the committee approved it unanimously.
Finance staff said they will return with the workers’ compensation budget amendment when the details are finalized.
