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County finance officer reports roughly $1.56 million combined surplus; county may need short-term borrowing in October
Summary
Finance staff reported an updated revenue and expense picture showing a general fund and nursing-home surplus that together could add about $1.56 million to the fund balance, while cash flow is projected to run short in late October and the county may need to borrow temporarily.
Laurie Sharp presented the countys midyear financial update to the Board of County Commissioners, saying revenue and expense activity to date point to a combined general fund and nursing-home surplus of about $1,563,007.95. "The total general fund in nursing home revenue surplus combined is $1,164,633," Sharp said, and added that the combined revenue and expense surplus increases the fund…
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