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Treasury and finance reports show seasonal revenue lag; committee reviews reserves and three‑month projections
Summary
Committee received March 31 and mid‑May financial updates showing seasonal drops and a reserve policy that aims to smooth cash flow; staff walked the committee through a three‑month projection and a reserve level established by prior resolution.
The Warren County Occupancy Tax Coordination Committee reviewed financial and treasury reports on May 21 that showed seasonal softness in collections and a reserve policy intended to manage cash‑flow timing.
Treasurer Christine presented numbers for the period ending March 31 and explained how staff calculates a three‑month revenue and expenditure projection. Christine reported a beginning balance of $3,500,000 and noted the committee’s minimum reserve target of $1,500,000, which was established previously by resolution to help manage the lag between…
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