Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Finance topic
No spam. Unsubscribe anytime.
Geary County finance director reports strong year-end cash position, notes $13,000 sales-tax adjustment and remaining ARPA balance
Summary
Finance Director Penny Robinson told commissioners the county’s capital improvement and general funds are largely on target for the fiscal year, with $1.9 million available for projects after reserves and a $13,000 sales-tax adjustment pending; ARPA allocations were largely spent with $9,303.87 allocated but not spent as of Nov. 30.
Penny Robinson, Geary County finance director, reported to commissioners that the county is near the expected year-to-date budget benchmarks and that several project and reserve adjustments leave the county in a healthy cash position going into the new year.
Robinson told the commission that, as of November, the county was about 91.67% through the fiscal year and that capital improvement project (CIP) spending totaled $78,968 for the month with $61,041 in revenue (insurance proceeds and Purple Wave receipts). She said the county’s reported “ending unencumbered cash is 3,700,000.0” and after accounting for $798,000 in approved projects and reserve funds, about $1.9 million remains available for future projects.
Robinson also reviewed other funds and noted the county building fund had $258,660 not yet spent and that some funds were high relative to the 91.67% benchmark because of timing of expenses. On federal relief funds, Robinson said the county’s ARPA (American Rescue Plan Act) expenditures were largely allocated and that “we have $9,303.87 that we have not allocated yet” (the transcript indicated this amount is allocated but unspent as of Nov. 30). She added the treasurer position would reduce that balance to zero after the next payroll.
Robinson explained a state-level correction affecting the county’s sales-tax distribution that will require a $13,000 journal entry to make the county whole. “13,000 is what is owed back to us to make the county whole,” Robinson said, describing a state adjustment tied to vendor reporting and December distributions. Robinson said she had supporting documentation from the state to attach to the county’s journal entry for auditors.
Other items Robinson covered included composition of cash balances (banking and general ledger totals matched), the general fund department-by-department position relative to the year-to-date benchmark, and that no budget amendments were made at this time. She said public works and other departments were monitoring spending closely. No vote or budget amendment was proposed at the meeting on these reports; commissioners accepted the reports and asked questions clarifying timing and next steps for entries and reporting.
Robinson closed by inviting commissioners to ask for more detail on any line-item variances; she said she would follow up with answers if commissioners requested them.
(Article includes financial figures stated by the finance director; amounts and percent figures reflect Robinson’s presentation to the commission.)
