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County finance director presents 2025 second‑quarter financial snapshot; sales tax and interest earnings up

5570823 · August 12, 2025
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Summary

Shannon presented the county’s 2025 second‑quarter financial report, showing modest increases in local sales tax and higher than expected interest earnings; several transfers and capital expenses were noted as occurring later in the year.

Shannon, Harvey County’s finance director, presented the county’s 2025 second‑quarter financial report on Aug. 12, summarizing revenues, expenditures and fund balances through June 30. Shannon said property tax collections were largely in as expected and local sales and use taxes had increased slightly year over year (from about $1.538 million to $1.584 million year‑to‑date). Interest income outperformed the original 2025 budget estimates; the county’s investment portfolio averaged a 4.643% return and exceeded the three‑month U.S. Treasury benchmark cited in the report. Shannon noted that some transfers and capital expenditures are recorded later in the year under normal accounting practice; examples included a planned transfer for an annual lease payment that will appear in the third quarter and a reimbursement recorded in 2025 for a 2024 capital cost that temporarily shows as a negative expense in one fund. Departmental and special‑purpose funds varied: road and bridge contractual costs ran higher than expected in the first half of the year, solid‑waste miscellaneous revenue was already above estimates, and road impact fee collections were lower than the previous year. Shannon said she would supply itemized detail on a miscellaneous revenue line on request.