Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Miami County projects $800,000 use of reserves after Q3 financial review
Summary
County staff told commissioners the general fund is projected to use roughly $800,000 of reserves this year, leaving an estimated year‑end balance near $4.6 million (about 16.5%). Commissioners discussed payroll accruals, health‑insurance reserves and timing of pharmacy rebates.
Lucas Mellinger, assistant county administrator, told the Miami County Board of County Commissioners during a study session on Oct. 15 that the county’s quarter‑3 financial review shows revenues running ahead of the year’s conservative budget while expenses will likely push the county to draw down reserves.
“Revenues coming in at just over $27,000,000 for the general fund” and expenses projecting to roughly $27,900,000, Mellinger said, producing an estimated cash impact of about $800,000 and a projected year‑end general fund balance near $4.6 million, or roughly 16.5 percent of annual spending.
Mell…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
