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Portage County quarterly update: revenues tracking but contingency spending narrows available reserves
Summary
County finance staff reported first-quarter revenues of about $19.1 million and said appropriations increased after recent contingency encumbrances, leaving an unappropriated certified balance of roughly $3.1 million; staff recommended waiting until after the second quarter before adjusting tax-budget estimates.
The Portage County Department of Budget and Finance reported first-quarter revenues of about $19.1 million and total expenses of roughly $18.6 million, leaving a certified cash balance the department said was $17.1 million at the end of March.
Jackie Jacqueline Petty, director of the Department of Budget and Finance, told the Portage County Board of Commissioners that the county collected just over $8.3 million in the first quarter from categories that include conveyance fees and sales tax and that overall first-quarter receipts total about 31.6% of the revised annual budget. “For the first quarter, we brought in just over $19,100,000. That's 31.62 percent of the total budget,” Petty said during the April 10 meeting.
Petty said several revenue categories were skewed by timing. Property-tax receipts represent roughly the first half of the year’s collections…
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