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Vernon County finance committee reviews $17.45 million balance and approves treasurer’s report
Summary
The Vernon County Finance Committee reviewed detailed fiscal reports showing a $17.45 million balance, discussed cash flow and sales-tax projections, and unanimously approved the treasurer’s report.
The Vernon County Finance Committee reviewed the treasurer’s financial report and approved it unanimously on April 20, 2017.
Treasurer Rachel Hanson presented key figures including a reported balance of $17,454,238.60, 2016 taxes collected of $206,831.92, redemption taxes collected of $75,485.75 and interest receipts recorded in multiple accounts. Hanson also summarized receipts tied to Ho-Chunk Nation funds and a receipts total of $3,843,274.14.
Committee members reviewed cash-flow details presented by Hanson: a beginning balance listed at $18,045,983.04; receipts of $3,843,274.14; various A-checks, payroll deductions and ACH withdrawals; and account subtotals covering earlier years. The committee also examined sales-tax figures and projections, with lines in the presentation showing a 2016 sales-tax figure of about $1,080,000 and a 2017 projection of $1,200,000.
A motion by Mike Leis, seconded by Kevin Larson, approved the treasurer’s report. The committee recorded the motion as carried unanimously.
