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County finance director reports insurance premium tax and tipping‑fee receipts above budget
Summary
At the Oct. 28 meeting the finance director reported current bank balances, year‑to‑date interest and that insurance premium tax receipts came in above budget. The director also reported higher second and third quarter tipping fee receipts and noted pending loss‑ and T's‑loss payments.
The county finance director presented the monthly finance update to commissioners on Oct. 28, reporting current bank balances and year‑to‑date interest earnings. The director said the county budgeted $1,300,000 for insurance premium tax receipts and that the recent payment exceeded that estimate, reported in the meeting packet as approximately $1,357,000.
The director also reported that second‑ and third‑quarter tipping‑fee payments were significantly higher than first‑quarter receipts and that certain loss‑reserve payments ("loss, loss, and t's loss" as read into the record) were expected by the end of the week. During the briefing the finance director provided balance figures for the loss accounts noted in the packet.
No formal action or budget adjustments were taken at the Oct. 28 meeting; commissioners asked follow‑up questions and proceeded to other agenda items.
