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Midyear finance report: general fund deficit, timing-driven property-tax outlook
Summary
Finance staff reported a midyear snapshot showing a $5.1 million shortfall in the general fund through June driven largely by expenditure timing and property-tax collections that occur later in the year; staff projected a property-tax inflow in October and flagged a large solid-waste post-closure accounting entry.
Cowlitz County finance staff presented a midyear financial report Monday showing a through-June general-fund deficit and a series of timing and one-time accounting items that will affect year-end results. Finance Director Kathy Funk Baxter told commissioners that, through June, general-fund revenue totaled about $29 million and expenses about…
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