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Commission approves minutes and accepts financial report; audit work under way
Summary
The commission approved minutes from the Sept. 24 meeting and accepted the financial report for the quarter; staff noted an annual audit has started and Bluegrass advertising charges will appear in next month’s expenditures.
The commission opened its Oct. 30 meeting by approving the Sept. 24 meeting minutes and accepting a verbal financial report for the first quarter of the fiscal year.
Staff presented financial highlights: revenue was roughly 46% year-to-date because the fourth-quarter contributions from Boyle County and Danville were recorded in the first quarter; excluding that timing item, revenue would be 26% against a 25% budget benchmark. Construction review fees continue to run strong. Staff told commissioners that Bluegrass advertising charges (about $53,000 for the comp plan and director services) had been cashed by the vendor and would appear in the next month’s expenditures; staff also confirmed the annual audit has begun.
Commissioners moved to accept the verbal financial report and approved the minutes by voice vote. Staff noted it will present a full written financial statement in the next meeting packet.
