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Board hears FY23–24 finances; members flag fee review after reserve dip
Summary
Executive director presented fiscal-year 2023–24 results showing a $1.098 million reserve but a small operating deficit; members discussed monitoring enforcement-recovery revenue and the possibility of future fee adjustments to cover board costs.
The Tennessee Board of Funeral Directors and Embalmers received its fiscal-year 2023–24 financial report on Jan. 14 and discussed whether fee adjustments may be needed after a small operating deficit.
Mr. Gribble, the board’s executive director, told members the board began July 1, 2023 with $1,125,184 and ended the fiscal year with a reserve balance of $1,098,434 after net revenue of $736,166 and total expenditures of $763,113. Gribble said the board did not incur a core expense in FY 2023–24 but anticipates core costs in the current fiscal year. “The sky is not falling,” he told the board, but he noted that the board…
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