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Committee defers decision on BAC/VAC $140,000 request, asks for financial statements
Summary
Stephenson County Finance Committee reviewed the BAC/VAC request for an additional $140,000 levy allocation but deferred action and asked BAC to supply up-to-date balance sheets and third-quarter financials before the full board acts on any levy change.
The Stephenson County Finance Committee discussed a request from the BAC/VAC for an additional $140,000 but did not approve the increase. Members said they lacked sufficient documentation—bank statements and a recent balance sheet—to justify the levy increase and asked BAC representatives to appear and provide up-to-date financial statements.
Adrian noted the county had reallocated levies across funds and that an increase of $140,000 would push the BAC toward the maximum allowable rate discussed in recent county correspondence, but the committee emphasized that an increase should be supported by detailed financials. Several members said they would be willing to consider a request if BAC provided clear documentation showing need and current cash-on-hand levels.
The committee scheduled follow-up: BAC will be asked to present a third-quarter balance sheet and other supporting materials for review before the request is finalized at the board level.
