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Belknap County reports year-end fund balance and approves $62,238 nursing-home write-off
Summary
Treasury staff reported revenues and expenses for the period and commissioners approved a $62,238 write-off of uncollectible nursing-home accounts plus an increase to the allowance for doubtful accounts, resulting in a net fund-balance decrease of $77,238.
County financial staff presented the revenue and expense report for the period and recommended adjustments to nursing-home receivables, which the commissioners approved.
Staff reported receipt of the fourth-quarter Medicaid incentive at $246,001, producing a revenue surplus of $820,476 and an expense surplus of $595,174. Combined, staff said those surpluses add $1,415,650 to the county's fund balance. After accounting for recommended receivable write-offs and adjustments, staff reported an end fund…
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