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Midyear finance report: Mitchell County DSS expenses slightly under pro rata, revenues lag; budget amendment planned
Summary
Finance staff reported expenses at about 45% at six months (below a 50% pro rata mark) and revenues around 27% (below an expected 33%); staff said they plan a budget amendment and will monitor overtime and reimbursements tied to energy assistance.
Kate delivered a midyear financial update to the Mitchell County board, saying departmental expenses are running a little over 45% at the six-month point while revenues are roughly 27% against an anticipated 33% benchmark, and that a budget amendment will be prepared to move funds where needed.
"At 6 months, obviously, we should be at 50% in our expenses, and we're riding just a little over 45%, all programs," Kate said. She explained that vacancies have reduced salary costs and that reimbursements tied to energy assistance timing are delaying revenue recognition. "We're spending money out of our energy pots and those reimbursements don't come in for a couple months," she said.
Kate said the finance team is preparing the department's first budget amendment for the fiscal year to shift money between accounts to cover overages and to account for energy funding that has not yet been recorded. When asked about overtime, Kate said the department is "trying to tighten up" and estimated overtime at roughly 34% in affected programs but emphasized the need to maintain frontline staffing.
The board did not take any immediate fiscal votes during this update outside of acknowledging that a budget amendment will be prepared and brought back for formal consideration.
Next steps: Kate said staff will prepare and present a budget amendment to the board for formal adoption at a future meeting.
