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Finance committee approves quarterly reports, sends school and county budget amendments to commission
Summary
The Financial Management Committee approved quarterly reports and voted to forward a Board of Education amendment and County budget amendment to the full commission; the committee also approved monthly reports and several procedural items to be spread to the commission.
The Bedford County Financial Management Committee voted to approve its quarterly financial report and to forward two amendments to the full County Commission during its meeting.
Committee members moved and seconded approval of the quarterly financial report; the motion passed after the committee voted "Aye." The finance director summarized collections and said property-tax receipts are approximately $1.1 million higher than at the same point last year and sales-tax receipts are about $1,014,000 above the same time last year.
The committee voted to forward Board of Education Amendment No. 3 to the commission. Committee materials summarized revenue adjustments including an Apportionment (AP) access grant of $489, state TISA outcomes allocation adjustments, refunds and…
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