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Finance committee reviews audit work, budget-policy edits and nursing center revenue shortfall
Summary
Stephenson CountyFinance Committee on May 12 heard a revenue-and-expense snapshot, an update that auditors were on-site, and staff reports that the county nursing center is tracking below the budgeted revenue; committee deferred final votes on a revised budget policy and a brokerage RFP until next month.
Stephenson CountyFinance Committee members on May 12 reviewed a revenue-and-expense snapshot, were told auditors had completed two days of field work, and learned the county nursing center is tracking below the revenue levels estimated in the adopted budget.
The Finance Director told the committee the revenue-and-expense comparison is a monthly snapshot and that "we're right on target in terms of expenses," adding that the county's bulk tax revenues typically arrive in the second half of the year. The director also said the auditors "were on-site for two days last week" and that staff expect to hear back from them within "the next week or two" as auditors complete their review of supplied documents.
Committee members heard that…
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