Warren County treasurer says occupancy-tax receipts still being finalized; 2024 totals expected to rise through April

County Treasurer delivered an update to the Warren County Finance and Budget Committee on the county’s occupancy-tax (Oct) revenue, saying 2024 totals remain interim and will continue to rise through April 2025 as the county’s modified-accrual accounting is finalized.

"Due to Warren County's modified accrual, the 2024 total Oct tax revenue will continue to increase through April 2025," the County Treasurer said, explaining that the county keeps the books open in January, February and March to allow later receipts to be posted. The treasurer contrasted the county’s process with private-sector straight-accrual accounting.

The treasurer walked the committee through the monthly interim figures, noting that a December interim figure that appeared low compared with later postings reflected the open-period adjustments. "In January the next 1 is in January 24, it went up to 7.1. And in Feb 24, it went up to 7.5. And 03/31/24, it went up to the 7.8," the treasurer said, describing how the 2024 total rose after year-end as additional receipts were recorded.

Committee members pressed only briefly for clarity. The treasurer summarized the near-term outlook: collections for January were approaching the prior-year level and the county was roughly $70,000–$80,000 short of a target figure at the time of the report, with the expectation that final postings would likely allow the county to meet or exceed the estimate.

The treasurer invited committee members to ask follow-up questions or request the detailed report distributed at the meeting. No formal action was taken on the occupancy-tax update; it was provided as an informational briefing to the committee.

The update clarifies how Warren County’s accounting calendar affects apparent year-end totals and why interim numbers may change after the official year-end.