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County finance director reports July revenues 'running' below 2008; officials consider drawing on fringe benefit funds
Summary
Finance Director Mark Stuhldreher told the board that General Fund revenues for July 2009 were "running" below 2008 levels due to decreased ticket revenue, a weak real‑estate market, lower interest and fewer federal prisoner jail‑bed rentals; administrators discussed using $100,000 from the Sick and Accident Fund and $300,000 from Employee Health Insurance reserves.
Finance Director Mark Stuhldreher reported to the Calhoun County Board of Commissioners on Aug. 20, 2009 that July 2009 General Fund revenues were "running" below 2008 levels. He attributed the shortfall to decreased ticket revenue, a declining real‑estate market, lower interest income and decreased jail bed rental revenue from federal prisoners.
Stuhldreher told commissioners that,…
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