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Belknap County projects modest surpluses and unaudited $4.14 million year‑end fund balance
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Summary
Finance director Lori Sharp told commissioners the county expects a roughly $160,000 addition to fund balance in 2026 from projected revenue and expense surpluses, yielding an unaudited year-end balance of about $4,142,585; auditors visited and reported positive initial findings.
Lori Sharp reported to the Belknap County Board of Commissioners that revenues and expenses are tracking to produce modest surpluses this year and that auditors have indicated positive preliminary findings.
"The total general fund and nursing home revenue surplus is projected at $47,000 for right now," Sharp said, and she said the total projected expense surplus for the general fund and nursing home is roughly $113,020. Combined, those projections would add about $160,000 to the 2026 fund balance, which Sharp said would put the unaudited year‑end fund balance at approximately $4,142,585.
Sharp noted that revenue collection is low year to date (about 7% in the line items discussed) but not currently a concern and that nursing‑home revenues and census will affect ongoing projections. She also flagged increases in medical‑supply costs and projected deficits in some nursing‑home expense categories (medical supplies and overtime), offset by anticipated savings in wages and contract nursing.
Sharp said the county's cash balance was $8,088,259 with earnings of 3.69% and that auditors, who were in-house last week, have requested additional information as part of the normal closeout process; final RFP reports are due by May 31.
Commissioners asked whether an assumed $200,000 in unanticipated expenditures had been allocated; Sharp said there were no specific proposals at this time.
