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Peoria County committee hears midyear financial report; revenues near budget, expenses below
Summary
County staff told the Finance, Audit and Legislative Affairs Committee that, as of June 30, 2025, county revenues were roughly 49.8% of budget and expenses 36.8%, with some revenue volatility from PPRT and timing of property tax distributions.
Peoria County finance staff reported to the Finance, Audit and Legislative Affairs Committee that the county is roughly halfway through the fiscal year and revenues are tracking near budget while expenses remain below expected levels.
Julie (staff member) told the committee that “we are now halfway through the fiscal year” and that countywide revenues were at about 49.8% of budget while expenses were at about 36.8% as of June 30, 2025. She said the general fund’s revenues were about 45.6% and expenses about 43.7%.
The report noted timing effects from property-tax distributions: the first distribution arrived in June and staff expected the next large distribution in October, after the county releases its budget. Staff described volatility in Personal Property Replacement Tax (PPRT) receipts and told the committee that PPRT with the general fund “will be about 1,900,000 lower than what the budget is,” part of which staff expect will be offset by higher income and sales tax receipts.
Julie also described grant timing that affected year-to-date figures: the county’s digital equity grant was extended through the following June and related reimbursements and expenses have not yet been recorded, which makes some administrative line items look low. She said a grant for the public defender likewise had not been recorded yet. On jail revenue, Julie said a federal-level change and greater use of ankle monitors have reduced revenue from housing detainees, and that fees and services tied to that program were below budget.
Heather (staff member) reported separately on the long-term care services fund, saying the fund had $3,470,000 as of June 30, 2025 and remains on track for a December 2032 target of $11,075,000. Heather said interest earnings were roughly $56,000 year to date, about the same as the prior year.
Committee members asked no follow-up questions during the presentation and staff noted that detailed accounts-payable, employee-reimbursement and purchase-card reports for July were in the meeting packet. A staff member said she did not have a printed sheet for the Peoria County capital projects funding-and-progress report at the meeting but that the material had been available at the infrastructure committee the previous day.
No formal action was taken on the financial reports; the items were presented as informational.
