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Rowan County finance report: expenditures and revenues up year over year; commissioners warned to watch monthly sales-tax trends
Summary
County finance staff reported cumulative December expenditures up about $7.1 million (roughly 8%) and cumulative revenues up about $4.7 million (4.3%). Commissioners flagged a September dip in month-over-month sales tax receipts that, if persistent, could force budget cuts.
A county finance presentation on Jan. 21 showed year-over-year increases in both expenditures and revenues for Rowan County through December, but commissioners warned that a month-over-month decline in sales tax receipts could require future budget adjustments if it continues.
The finance presenter (identified in the meeting as the staff member giving the “venture report”)…
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