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Finance committee approves financial summaries, notes mixed fund performance and accepts $500,000 school grant
Summary
The Budget and Finance Committee on May 19 approved minutes, cash balances and financial summaries, reviewed revenues and expenditures across funds including delayed grants, and accepted a $500,000 general-assembly award for schools.
The Budget and Finance Committee on May 19 approved meeting minutes, cash balances and the committee’s financial summaries for the period under review, while noting uneven revenue timing across funds and the impact of unpaid grant receipts on reported totals.
Committee staff told members that general fund revenues were appearing low on the top-line because several grants had not yet been paid; without those unpaid grant line items, general fund revenues were reported at about 94.6% of…
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