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Finance reports: 2024 year-end reconciliation shows vacancy savings, higher interest earnings; ARPA fully obligated
Summary
County finance reported an unaudited 2024 variance, vacancy-savings trends, stronger investment earnings dedicated to capital, occupancy-tax and other variances, and that $24.6 million in ARPA funds were obligated; only about 20 ARPA projects remain open.
Chautauqua County finance staff presented the Audit & Control Committee with unaudited 2024 year-end reconciliations, an investment-portfolio review and an update on American Rescue Plan Act (ARPA) projects.
Finance director Katie Crow and budget director Jen Swan told the committee the current unaudited variance to the amended 2024 budget is roughly $3.93 million after adjustments. Notable items included sales-tax surplus, mortgage-tax and PILOT variances, and a reported increase in uncollected property-tax balances that the county will pursue administratively. County finance identified material vacancy-savings amounts in several departments and…
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