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Atchison County finance director warns of short-term cash shortfall, urges caution on rolling over budgets
Summary
Finance Director Mark Selvner told the Atchison County Commission that the county began 2025 with a negative general-fund cash position that should correct after a Jan. 31 tax distribution, and urged commissioners to delay rolling departmental budget surpluses into a reserve until collections are confirmed.
Atchison County Finance Director Mark Selvner told the Board of County Commissioners on Jan. 21 that the county’s general fund is temporarily negative but should improve after the scheduled Jan. 31 tax distribution.
“Until that happens, we will continue to be negative,” Selvner said, adding that the county’s overall February cash position factors in payroll and payables that hit after year-end.
Selvner and commissioners discussed three drivers behind the shortfall: delayed tax distributions, large late-year changes in property tax status (including BOTA decisions referenced in the meeting), and smaller-than-expected collections. Selvner said the county’s remaining 2024 cash (after an early CD cash-in) was limited and that rolling department surpluses into a formal reserve would require transferring actual cash out of the general fund.
Why it…
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