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Walworth County closes fiscal 2024 with net positive results; finance committee approves year‑end resolutions
Summary
The Walworth County Finance Committee on April 24 approved two resolutions to close fiscal year 2024 and commit fund balances after a presentation that showed net positive results driven by investment income and vacancies in some payroll budgets.
The Walworth County Finance Committee on April 24 voted to approve two resolutions to close fiscal year 2024 and to commit year‑end fund balances for future use.
Todd, a county finance staff member who presented the year‑end review, told the committee: "Bottom line up front, we achieved net positive results, which maintain the county's healthy financial position." The committee voted to adopt Resolution 5‑25 closing FY2024 and a companion Resolution 5‑25 committing fund balances; the motion carried after a motion by Karbowski and a second by Schaeffer.
The presentation said the county ended the year with net positive results that preserve the county’s debt‑free status and leave available funds for capital and reserves. Major revenue and expenditure drivers identified for the variance to budget included higher investment income,…
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