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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 reimbursements, and an $88,500 draw from fund balance distributed on the expenditure side.
The committee also voted to forward County Budget Amendment No. 6 to the commission. Committee materials list added revenue from a CDBG grant, refunds and reimbursements, and reimbursements related to a Motorola project; the packet noted transfers between departments and highway-department adjustments.
Other committee votes included sending a proposed revision to the Financial Management Policies and Procedures manual to the commission to be spread on the commission minutes, forwarding registered-deeds write-off cleanups to the commission, approving Board of Education Circle Plus removals, and approving EMS surplus property in line with the new trade-in policy language.
Votes at a glance:
- Motion to approve minutes from the Finance Committee meeting of March 25, 2025 ' Motion moved and seconded; vote: passed.
- Motion to approve monthly reports and circulate as noted ' Motion moved and seconded; vote: passed.
- Motion to approve quarterly financial report and send to commission ' Motion moved and seconded; vote: passed.
- Motion to send Board of Education Amendment No. 3 to the commission (includes $489 grant adjustments and $88,500 from fund balance) ' Motion moved and seconded; vote: passed.
- Motion to send County Budget Amendment No. 6 to the commission (CDBG, reimbursements, Motorola reimbursement) ' Motion moved and seconded; vote: passed.
- Motion to send Financial Management Policies and Procedures manual revisions to the commission to be spread on the minutes ' Motion moved and seconded; vote: passed.
- Motion to send Registered Deeds write-off cleanups to the commission (longstanding debts) ' Motion moved and seconded; vote: passed.
- Motion to approve Board of Education Circle Plus personnel removals ' Motion moved and seconded; vote: passed.
- Motion to approve EMS surplus property (monitors) consistent with the updated trade-in allowance ' Motion moved and seconded; vote: passed.
Committee discussion during the meeting included a finance director's note that mineral severance revenue currently covers only two quarters and that staff will monitor sales-tax projections amid economic uncertainty and potential tariff impacts. No roll-call vote counts were recorded in the meeting transcript; motions were passed by voice vote with no recorded opposition.
