Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Finance topic
No spam. Unsubscribe anytime.
County finance update: ARPA nearly allocated; officials project modest positive year-end balance
Summary
Merrimack County finance staff reported that nearly all ARPA funds have been allocated to projects and that current budget projections show revenue above budget and expenses slightly under, producing a projected positive year-end balance of roughly $2.5 million
County finance staff told the Merrimack County Board of Commissioners that the county’s ARPA allotment has largely been committed and that year-to-date revenue performance is above budget while expenses are tracking slightly under.
Aaron, a county finance staff member, said the county has used most of its ARPA allocation, that nearly $30,000,000 had been the working pool and that roughly $3,200,000 of that pool remains obligated to projects over the next two years. In the presentation Aaron said “as of right now, we have $0 remaining” in the immediate uncommitted pool because prior approvals are moving into the CIP and other capital allocations.
Aaron also reported that county revenues are running about 3 percent ahead of budget year to date, with sheriff’s office and corrections revenue higher than projected; expenses were roughly 1 to 1.2 percent under budget with some remaining bookings expected, and staff estimated the county could end the year about $2.5 million positive against the original plan.
Commissioners and staff discussed specific revenue drivers, including a larger-than-budgeted property sale receipt and higher correctional revenues. Staff did not present any new spending requests at the meeting and told commissioners they will continue to track remaining ARPA obligations and CIP transfers.
The presentation also noted that ARPA-funded geothermal work and other projects previously approved will move through the capital plan and that obligated ARPA funds will be spent in the next two years.
No formal fiscal action was taken; commissioners received the update and asked staff to follow up on any detailed line-item questions.
