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Belknap County finance director reports steady fund balance, explains short-term borrowing
Summary
Laurie Sharp reported a $5.98 million unaudited fund balance, temporary TAN borrowing of $11.151 million at roughly 3.4% and an expected payback of about $11.46 million; she said revenue timing explains a low early-year collections rate and nursing-home receivables are collecting about 95% for 2026.
Laurie Sharp delivered the county’s financial update, saying that about 21% of the way through 2026 the county had collected roughly 4% of annual revenue so far — a timing-driven pattern she said is typical for deed- and quarterly receipts.
Sharp reported an unaudited fund balance of $5,982,005.65 and described a short-term note (TAN) taken for $11,151,000 at…
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