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Comptroller: Bannock County reserves ‘healthy,’ staff will consider master-plan funding during budget talks
Summary
At the May 29 Bannock County commissioners meeting, Comptroller Christopher reviewed projected fund balances, saying reserves are healthy but intended for one-time expenses; staff will discuss use of reserves for the county master plan during upcoming budget meetings.
Bannock County Comptroller Christopher reviewed the county’s projected fund balances and reserve policy at the Board of Commissioners’ meeting on May 29, saying the county has “healthy reserves” but that those funds should be reserved for one-time expenditures rather than ongoing costs.
Christopher told the commissioners that the spreadsheet before them uses an estimated fund balance as of Oct. 1, 2024 (the FY24 numbers were not yet final) and that estimated FY25 revenues are conservatively set at 95% of the property tax budget. “So that’s how to read the spreadsheet,” he said. “We do have if you look at at the numbers, we’ve got healthy reserves.”
The comptroller said…
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