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Jackson County reports mid-year budget on track; staff to compile missing budget amendments for approved purchases
Summary
Jackson County presented a mid-year budget report May 12 showing revenues generally on track and expenditures influenced by the timing of large purchases and insurance payments; administrators will compile needed budget amendments for previously approved purchases.
Jackson County administrators presented a mid-year budget update May 12 that showed revenues and expenditures broadly in line with expectations but noted several fund-specific timing issues that affect reported percentages.
County Administrator Matthew Hamrick told commissioners the ideal mid-year benchmark is 50 percent. The county’s overall revenue receipts were reported at about 45 percent at the time of the printout; staff said several large receipts — including proceeds from heavy equipment sales and an annual capital disbursement to the capital improvement fund — were received after the report was generated and will raise the rate in subsequent reports.
On the expenditure side, some accounts exceeded 50 percent for expected reasons: liability and property insurance are paid from a central account and later journaled to departments; election costs have been incurred for the fiscal year; and public-works equipment purchases have pushed certain funds above 100 percent because heavy equipment purchases were made earlier in the fiscal year. Staff also noted striping work approved at an earlier meeting had been charged to fund accounts without a corresponding budget amendment; administrators said they will compile a list of approved purchases that lack budget amendments and present proposed amendments at a future meeting to align the ledger with commission approvals.
Hamrick also reviewed cash-flow strategy for reimbursable projects, saying the county establishes interim project accounts and funds them from cash balances while awaiting reimbursements from state or federal partners. Commissioners and staff discussed FEMA/EMA reimbursement percentages; staff characterized the typical reimbursement rate in discussion as about 85–87 percent and said the county has been receiving reimbursements as projects proceed. Commissioners asked for continued monitoring and for staff to bring a compiled list of needed budget amendments for approval at a subsequent meeting.
