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Chippewa County finance director reports pre-audit 2024 fund transfers, growth in unassigned balance
Summary
Finance Director Lori Sweeveler presented a pre-audited 2024 financial report and first-quarter 2025 update, noting transfers to comply with the county's 2019 fund-balance policy, creation of a nonmetallic mining reclamation account, and long-term debt totals.
Finance Director Lori Sweeveler gave the Chippewa County Board an overview of the county’s 2024 pre-audited financial results and a first-quarter 2025 update, stressing the figures were “pre-audited” and that final audited results will arrive later in the year.
Sweeveler said that if all lapsing funds had closed to the general fund, unassigned fund balance would have increased by $2,410,848.42, but to comply with the county’s 2019 fund-balance policy an additional $1,730,893.42 was transferred at year-end. After those and other planned…
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