Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Midyear county finances: general fund projected to finish 2025 with ~17% reserves; Road & Bridge cash tighter
Summary
Assistant administrator Lucas Mellinger reported that general‑fund revenues and expenses are near plan and projected year‑end reserves are about 17%; Road & Bridge reserves are tighter and projected at about 7% if current patterns hold.
Assistant county administrator Lucas Mellinger presented Miami County’s midyear financial update at the July 16 study session, reviewing general‑fund revenues and expenses, cash position, and the Road & Bridge fund.
General fund Mellinger said most primary revenue lines are on track for midyear, with the usual front‑loading of ad valorem (property) taxes already collected; ad valorem collections are lower than last year in the general fund because the county shifted some mill levy to other funds. He noted sales tax remained below budget earlier in the year but had recently begun to trend upward. On expenses, many departments were under 50% of budget at midyear; law…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
