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Board executive director reports FY23-24 reserve of $1.098M, flags small deficit and possible fee review
Summary
Executive Director Gribble told the Tennessee Board the FY2023-24 reserve balance stood at $1,098,434 after net revenue and expenditures left a modest deficit; staff will review fee levels and monitor complaint-related revenue and collection of civil penalties.
The Tennessee Board of Funeral Directors and Embalmers heard a fiscal update from Executive Director Mr. Gribble at its Jan. 14 meeting showing a reserve balance of $1,098,434 at the end of fiscal year 2023-24, but a net operating shortfall of $26,947 for the year.
Gribble said the board began the year with $1,125,184, reported net revenue of $736,166 and total expenditures of $763,113 for the July 1, 2023–June 30, 2024 fiscal year. The report showed payroll,…
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