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Roosevelt County approves midyear budget adjustments including $3.3M road fund transfer
Summary
The Roosevelt County Commission adopted Resolution D-26-12 approving midyear budget adjustments that correct missed transfers from prior years and bolster road and general fund allocations; staff said the general fund ended the half‑year with a $26.3 million adjusted balance.
Miss Rivera presented Roosevelt County’s midyear financial report and a package of budget adjustments, and the commission adopted Resolution D-26-12 to correct prior omissions and align funds for ongoing projects.
Miss Rivera (presenter) told the commissioners that the general fund ‘‘remains strong with revenues outpacing expenditures,’’ reporting investments of $16.7 million, revenues of about $9 million and expenditures of roughly $4.2 million, for an ending adjusted general‑fund balance of $26.3 million as of Dec. 31. She identified the road fund as another focus: revenues of $326,532 and expenditures of about $1.24 million left an ending balance near $2.11 million after state reserve calculations.
The adjustments include a $3.3 million transfer out to the road fund that should have occurred in a prior fiscal year but did not, $429,000 in the general fund for buildings and structures, $125,000 for fairgrounds maintenance, $1.3 million added to road maintenance and repairs tied to a TPF grant, and $574,000 for roadways and bridges. Staff also proposed budget alignments in the indigent fund, ARPA (federal recovery) and debt‑service accounts to reflect actual revenues and obligations.
A commissioner asked whether purchases for fairgrounds equipment could proceed; Miss Rivera said procurement can begin immediately, and that fourth‑quarter budget adjustments can be made if needed because sufficient cash exists. On the question whether unspent Local Government Road Fund (LGRF) balances would have to be reverted, she said staff had secured extensions and reversion should not be required so long as work continues on those projects.
The commission moved, seconded and approved Resolution D-26-12 by voice vote, enacting the midyear adjustments. The county will present the next quarter’s financial report in May and will return a final budget resolution in July.
What’s next: the third‑quarter report (ending March 31) is due to the state on April 30; staff said they would continue to monitor funds and bring any additional adjustments to the board.
