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Washington County finance staff says FY22–23 closed with $26M surplus; reserves to rise if carryovers approved
Summary
Finance staff told the Board of Supervisors the county ended FY22–23 with about $26 million in revenues over expenses and proposed committed and discretionary carryovers that would raise general fund reserves by roughly $2.8 million to about $26.4 million (15–16% of operating budget). School grants and supplemental appropriations will affect the final reserve percentage.
Miss Sturgill, the county finance presenter, told the Washington County Board of Supervisors on Sept. 12 that the county closed fiscal year 2022–23 with “about 26,000,000” in revenues over expenses and was proposing committed and discretionary carryovers that would increase the general fund reserve balance.
Sturgill said the proposed committed carryover, approximately $20,300,000, largely represents encumbrances, purchase orders, restricted grants and multi‑year projects. ‘‘After the proposed committed carryover is deducted, we have total return of funds of over…
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