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Finance committee hears midyear budget update; general fund reserves $2.5 million
Summary
Treasurer and comptroller reported midyear financials to the Washington County Quorum Court Budget and Finance Committee, citing rising sales-tax receipts, recent ARPA expenditures, and a health-insurance fund at about 50% of budget through midyear.
Treasurer Hill and Comptroller Sherman reported midyear financial results to the Washington County Quorum Court Budget and Finance Committee during its July meeting, saying the county remains in generally strong financial condition but monitoring health-plan claims and some grant-driven budget increases.
Treasurer Hill told the committee the county began the month with about $96.3 million in cash and ended the month with roughly $93.3 million. He said the county expended about $1.5 million of ARPA funds in the month, including roughly $940,000 for COVID mitigation and about $500,000 for an ELC construction project.
Hill reported sales-tax receipts were up year over year. He said the 1-cent sales tax brought in $933,000 for the reporting period (a 4.3% increase over the same time last year) and…
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