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Finance committee says revenues are ahead of projections; staff flags capital projects and trial-related reimbursements
Summary
County staff told the Finance, Audit and Legislative Affairs Committee that year-to-date revenues are outpacing expectations while expenses lag; the committee also reviewed capital projects, accounts payable (about $6 million in November) and reimbursement status for trial-related charges tied to the Grayson case.
Peoria County finance staff reported that revenues are running ahead of budget through Oct. 31 while expenses remain below projections, a trend members described as favorable during the committee meeting.
Julie, presenting the monthly financial report, said the county is about 83.3% through the fiscal year with "91.9% for all funds for revenue" and "only spending about 65.8 percent" of projected expenses. In the general fund, she reported revenues at 82.4% and expenses at 76.6%. Julie also noted higher-than-expected PPRT receipts in the packet (about $6.2 million versus an expected $5.5 million) and flagged a…
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