Finance committee reviews Q1 unaudited results and forwards $3.83 million budget amendment to full council

Finance officials presented unaudited Q1 2026 financial statements to the committee on May 20 and described a $3,832,000 budget amendment to be forwarded to the full county council.

Staff explained the statements are unaudited and that the statement-level presentation includes multiple subfunds; they said about 90% of tax revenue is already accounted for early in the year. Finance staff told the committee that, on aggregate, departments are under their expected 25% year-to-date expenditure rate and that current Q1 results do not indicate an immediate cash crisis.

The budget amendment described two elements: finalized grant revenue for E911 and Parks & Recreation that had not been added to the budget until paperwork was complete, and reconciliation of multiple human-services funds that operate on a state fiscal year rather than a calendar year. Staff said reconciling human-services accounts required true-ups to reflect the state schedule.

The amendment increases revenues by $3,832,000, staff said, and members asked to receive the presentation slides for reference. The committee moved the amendment forward to the full council for consideration; no final vote was recorded in the committee.

During the Q1 presentation committee members also asked about the status of fiscal-affairs hires and staffing at Greystead; staff said they had an executed letter for a new fiscal-affairs director (not yet announced) and had promoted staff in Greystead to fill lead-accounting duties.

The committee adjourned after the presentation.