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County finance director presents third-quarter financial report showing year-to-date revenue and investment balances
Summary
Finance Director Melissa Moore presented Buncombe County’s third-quarter financial results (period ending March 31): year-to-date general fund revenue $357.9 million, year-to-date expenditures $302.8 million, and cash and investments reported at $415.72 million across all funds.
Buncombe County Finance Director Melissa Moore presented the county’s third-quarter financial report at the May 20 meeting, covering primary operating funds, capital projects and the investment report for the reporting period that ended March 31 (75% of the fiscal year).
Moore reported year-to-date general fund revenue of $357.9 million against an amended budget of $444.2 million and described a projection of $416.3 million in new revenues used during the county’s April budget retreat. Year-to-date general fund expenditures were $302.8 million.
Moor…
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