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Scott County releases Popular Annual Financial Report; medic EMS reports $566,000 operating deficit
Summary
On Dec. 18 the Scott County Board of Supervisors received the county's 2025 Popular Annual Financial Report and a fiscal update. County staff reported several revenue variances and that medic EMS had an operating deficit of about $566,000 for the year-to-date period ending Oct. 31.
David Farmer presented Scott County's 2025 Popular Annual Financial Report (PAFR) and summarized the county's fiscal position for the board at its Dec. 18 meeting.
Farmer said the PAFR is a companion to the county's financial statements and will be distributed to board members and the public; he noted the county's external auditor had provided an opinion earlier in the week. "What I handed the board was our 2025 popular annual financial report," Farmer said. He also said the county will submit the budget, the annual comprehensive financial report and the PAFR to the Government Finance Officers Association for the organization's Triple Crown recognition and expects results in April or May.
In a line-by-line fiscal update Farmer reported revenue and expenditure variances across several accounts. He said road-use tax receipts are up about 5% year to date and recorder's revenue is running roughly 2% higher than expected. Local option sales tax collections total about $2,000,000 so far this fiscal year, and county interest income is roughly $1,000,000, or about 76% of what the county budgeted. Farmer said the county has collected approximately 50% of general fund revenues to date and has a fund balance near 28% that is expected to fall into the spring before rebounding when property taxes are received.
On emergency medical services, Farmer reported a year-to-date operating deficit for medic EMS of "about $566,000" through Oct. 31, saying the system had collected roughly $4.6 million in revenue and spent about $5.2 million in the period covered. "So we do have a operating deficit right now for the fiscal year of '25 of about $566,000," he said. He added the county's cash position remained stable for paying bills as of Oct. 31.
Board members asked no immediate follow-up questions on the record during the presentation. Farmer told the board the county will begin work on the FY26 budget amendment and the FY27 budget early in 2026, and that valuation and other data arriving in January will inform that work. The county administrator, Mahesh Sharma, later reminded the board that the committee of the whole and organizational meeting are scheduled for Jan. 2, 2026.
The report and the county's financial statements were placed on the county website and will be shared with state oversight offices as required by law, Farmer said.
