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Board reports $26,947 deficit for fiscal 2023-24; staff to monitor reserves and fee options
Summary
Executive director presented fiscal year 2023-24 financials showing a reserve of $1,098,434 and a net operating deficit of $26,947; board asked staff to study fee or policy options and will present before government operations committee if needed.
The Tennessee Board of Funeral Directors and Embalmers received its fiscal year 2023-24 financial report Jan. 14 and voted to accept the executive director's presentation, which showed a reserve balance of $1,098,434 and a $26,947 operating shortfall for the year.
Executive Director Mr. Gribble told the board that the beginning balance July 1, 2023, was $1,125,184 and that net revenues for the year were $736,166 against total expenditures of $763,113. "The sky is not falling," Gribble said, but he warned the board that expenses had outpaced revenues for the…
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