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County finance director reports fiscal-year snapshot: revenues near budget, audit figures show fund balance after school allocation
Summary
County finance staff reported year-end revenue of about $20.93 million (98% of budget) and expenditures of about $21.19 million (99% of budget), an audited general fund amount of $15.11 million and an estimated fund balance after a $1.5 million school appropriation and a $6.849 million loan.
Alleghany County officials presented a fiscal-year snapshot on July 21 showing revenues near the approved budget and expenditures finishing slightly higher, with the county closing the year with an operating shortfall before some expected receipts.
The county’s reported year-to-date revenue was $20,932,569.48, which county staff said represents 98% of the approved general-fund budget for the fiscal year. Year-to-date expenditures were…
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