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Blue Earth County recognizes $4.5 million in ARPA revenue and approves several 2024 year‑end budget adjustments
Summary
Finance Director Candace Sonic presented 2024 year‑end adjustments that included recognizing $4.5 million in ARPA revenue on an accrual basis and budgeting for a one‑time 3% market salary adjustment. The board approved operating transfers, revenue/expenditure adjustments, and other financing changes by voice vote.
Blue Earth County’s finance director, Candace Sonic, presented several year‑end audit wrap‑up items and budget amendments tied to 2024 activity.
Sonic told commissioners the general fund had a revenue adjustment of $4,500,000 related to American Rescue Plan Act (ARPA) funds: the county received cash in 2021–22 but recognizes the revenue on a full‑accrual basis when the funds are expended. On the expenditure side, the same $4.5 million reflects ARPA funds being expended in 2024. Sonic also said a one‑time 3% market salary adjustment approved at the end of 2023 required budget changes across several funds, and that public‑works flood response costs and timing of Department of Energy projects had driven other adjustments.
The board approved by voice vote: operating transfers for 2024; revenue and expenditure budget adjustments reflecting ARPA recognition and salary changes; and other financing sources/uses adjustments (including a ditch financing change where the county elected to bond for CD35 and CD52 rather than internally finance). Commissioners discussed no substantive changes during the motions recorded in the minutes and each motion carried.
