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Cowlitz County finance director: Veterans Relief Fund ending balance about $1 million; board weighs shifting admin costs
Summary
Finance staff told commissioners the Veterans Relief Fund closed 2024 with revenue slightly above budget and a healthy fund balance. Commissioners and staff discussed using investment income to cover administrative costs instead of the general fund, and advisory-board ideas to expand services.
Cowlitz County Finance Director Kathy Funk Baxter told the board on Monday that the Veterans Relief Fund finished the 2024 fiscal year with revenues slightly above budget and a year-end fund balance a little over $1 million.
The fund’s primary revenue is a portion of property taxes. Kathy Funk Baxter said the tax line was budgeted at $218,835 and actuals were about $228,629 — roughly $10,000 above the estimate. She said other revenue lines include small intergovernmental receipts and investment income; some accruals for the year had not yet been recorded.
Th…
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