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Board's financial report shows small deficit; staff to study fee options
Summary
The executive director presented fiscal year 2023–24 figures showing a reserve of about $1.098 million but a net operating shortfall of $26,947; staff said they will review whether licensing or other fees should be adjusted and will brief the board and Government Operations committee if needed.
The Tennessee Board of Funeral Directors and Embalmers' executive director, Mr. Gribble, presented the board's fiscal-year 2023–24 financial summary at the Jan. 14 meeting, reporting a beginning balance of $1,125,184, net revenue of $736,166 and total expenditures of $763,113, leaving a reserve balance of $1,098,434.
Mr. Gribble told board members the board closed fiscal year 2023–24 with a deficit of $26,947. He said the department expects a core expense to be charged this fiscal year and that staff will monitor revenues and expenses closely. "The sky is not falling," Mr. Gribble said, but he recommended…
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