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Finance director reports property-tax gains, unusual legal-service spending; committee approves monthly reports
Summary
The finance director reported current property tax collections were $544,006.95 higher than the same time last year, several expenditure categories were below the year-to-date average while legal services ran above, and the committee voted to approve the monthly financial reports
Bedford County's finance director presented the month-end financial report for the period ending Feb. 28 and the committee voted to approve the monthly reports.
The finance director reported current property tax collections were $544,006.95 greater than at the same point last year. She said sales-tax collections were higher than the same period last year and noted the county will not receive another mineral-severance payment until April.
The director provided a department-level analysis showing the county should be about 66.67% through the fiscal year on expenditures. Travel and in-service spending was cited at about 44.23% of budget; utilities 57.09%; natural gas 59.46%; food supplies 76.39% (partly driven by open purchase orders); vehicle maintenance 61.76%; diesel 54.85%; gasoline 61.83%; and legal services notably higher than average at 158.85% (largely on the county side).
After questions from committee members, the committee voted to approve the reports as presented.
No ordinance or appropriation was adopted at the meeting based solely on the monthly report; the vote approved the committee's acceptance of the reports for referral or record.
