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County finance presenter says year‑end accounting adjustments produced a $401,284 paper deficit; March shows a small surplus
Summary
Winnebago County finance staff told the committee that a GASB pension adjustment and an increase in compensated‑absence liabilities drove a December year‑to‑date accounting deficit of $401,284; March year‑to‑date figures show a roughly $254,896 surplus but staff cautioned receipts and timing can change that figure.
Winnebago County finance staff briefed supervisors April 16 on December 2025 and March 2026 financial results, telling the committee that accounting adjustments tied to pensions and compensated absences explained an end‑of‑year paper deficit but did not represent immediate cash use.
The finance presenter (S4) walked members through the December numbers, reporting a year‑to‑date deficit of $401,284. S4 said the largest drivers were…
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