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Fayette County treasurer reports February totals: revenues $431M, expenses $302M, fund balance highlighted
Summary
District finance staff presented February financials showing $431 million in revenues and $302 million in expenses through February and described fund balances and investment improvements.
The board reviewed the district's monthly financial report for February, in which district staff reported total revenues of approximately $431,000,000 and total expenses of about $302,000,000 through the month.
The presentation reported an overall fund balance of roughly $129,000,000 and detailed that funds 1 through 7000 show revenue of about $372.7 million and expenses of $466.8 million in a particular slide breakdown; staff said net increase in fund balance was $255,900,000 (presentation numbers provided by district finance staff). The investment schedule showed increased investment activity of approximately $4,300,000 for the year.
The balance sheet shown to the board listed assets of about $130,200,000 and liabilities of about $9,100,000. Staff also reported a safety tax budget of $18,600,000 with $10,700,000 spent to date and approximately 58 percent of that budget spent.
Staff asked board members to submit any follow-up questions by email. The board accepted the treasurer's report by voice vote, 4-0.
