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County administrator presents first‑quarter finances: revenues up, first‑quarter deficit expected to be covered by fund balance
Summary
County Administrator Jodi presented first‑quarter financials showing revenues of $11.3 million (up $233,571 year‑over‑year), expenditures near $19.98 million and an expected first‑quarter deficit of $8,679,000 to be covered by fund balance; general fund balance as of Dec. 31 was $10,499,000.
County Administrator Jodi presented Barron County’s first‑quarter financial report on May 19, showing higher year‑to‑date revenues but larger seasonal expenditures that typically produce a first‑quarter deficit covered by fund balance.
She reported revenues of $11,302,140—an increase of $233,571 (2.11%) from the same period last year. Notable line items included a decrease in taxes and transfer fees of $80,969 due to lower sales tax, an intergovernmental revenue shortfall of about $152,000 tied to timing of DHHS funding, and miscellaneous interest revenues down $24,618 as the Local Government Investment Pool rate fell to about 4.39% from roughly 5.24 a year earlier. The county received an increase in other financing sources of about $382,000 due to a Sterling Bank loan draw and prior year school sale proceeds.
On the expenditure side, the county reported total spending near $19,981,513 for the first quarter, with increases in general government and public safety attributed to cost‑of‑living adjustments, maintenance agreements and vehicle repairs. Health and human services spending rose roughly $345,000, largely for COLAs and timing of purchases. Combining revenues and expenditures produced a first‑quarter deficit of about $8,679,000; Jodi said this is a normal seasonal pattern and the county will rely on its fund balance while state revenues and other receipts arrive later in the fiscal year.
Jodi said the general‑fund balance as of Dec. 31 stood at about $10,499,000; she noted the county typically plans to reduce excess fund balance toward a target around 33 percent and will address reserves in the budget process. Supervisors asked about the fund‑balance percentage and timing of receipts; Jodi said the county receives state and other revenues throughout the year and that additional fund balance exists across multiple funds beyond the general fund.
No budget amendments or policy changes were approved at the May 19 meeting; the presentation served as an informational quarterly update.
