Rutherford County committee hears monthly and year-to-date deficits in finance report
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Summary
Finance director Ed Elam told the Benefits & Insurance Committee the county posted a $75,285 operating deficit for February and a $3.85 million fiscal-year shortfall, and the committee voted to accept the report.
Ed Elam, presenting the county finance report to the Rutherford County Benefits & Insurance Committee on March 26, said February revenue was $2,055,783 against expenditures of $2,131,068, leaving a monthly deficit of $75,285. For the calendar year Elam reported revenue of $4,099,346 versus expenditures of $4,394,474, a year-to-date deficit of $295,128. He said fiscal-year-to-date revenue totaled $16,381,313 and expenses $20,235,395, a deficit of $3,854,082.
The committee had no questions and moved to accept the report. The chair called the roll and recorded affirmative votes to accept the financials.
The figures were presented as headline totals; the committee did not request amendment or further detail during the meeting. Staff indicated budget and purchasing steps related to benefits procurement will follow the committee’s schedule ahead of May budget deadlines.
The committee’s next steps include finalizing procurement recommendations for benefits vendors and confirming schedule alignment with purchasing and budget staff, which could affect how the finance figures are incorporated into the upcoming budget cycle.
