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Calhoun County approves June financials and mid-year budget amendments amid COVID-19 revenue shortfall
Summary
County reported an approximate $1.5 million revenue shortfall through June 2020 and expense savings of about $600,000; the board approved June financial statements and FY2020 mid-year budget amendments, contingent on CARES Act reimbursements avoiding use of fund balance.
Calhoun County officials presented mid-year financials and recommended budget amendments on Aug. 6 as the county responds to revenue impacts from the COVID-19 pandemic.
Administrator/Controller Kelli Scott told the board that through June the county’s revenue was "approximately 1.5 million dollars lower than last year, mainly due to COVID-19," and that expenses were also down by about $600,000 because of factors such as limited building occupancy and staff furloughs. Scott and Deputy Controller Megan Banning provided line-item notes supporting the proposed FY2020 mid-year budget amendments.
The board approved the submission of the Calhoun County Road Department Annual Financial Report required by Act 51 (Res. 125-2020), the June 2020 financial statements (Res. 126-2020) and the FY2020 mid-year budget amendments (Res. 127-2020). Scott noted that the General Fund adjustments would not require use of fund balance if the county’s CARES Act reimbursement applications are approved.
The actions finalized routine financial oversight steps for the county and directed staff to continue monitoring pandemic-related revenue changes.
