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County treasurer and administration report steady finances; sales tax up and ARPA still funds several projects
Summary
Boone County’s treasurer and administration staff reported a modest cash decline tied to capital projects and said sales tax collections have risen roughly 10% year over year after a change to state use-tax remittance rules. The county’s ARPA balance remains about $5.3 million plus accrued interest.
Boone County’s treasurer and administration staff gave monthly financial updates to the Committee of the Whole, reporting that a cash decline mainly reflected ongoing capital projects, while sales tax revenue is running higher than a year ago.
Kurt, the county treasurer, told the committee the county’s total cash was down by about $1.1 million. He attributed roughly $230,000 of that to the capital projects fund and about $350,000 to ARPA-funded spending tied to building work. Kurt described investment conditions and said the county’s liquid…
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