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Jackson County reviews March finances and approves multiple budget amendments
Summary
County finance staff reported March revenue and expenditures, and the board approved several budget and project ordinance amendments reallocating loan proceeds to school projects, transferring funds to capital reserves, and accepting a NC commerce grant for the Webster infrastructure project.
At the April meeting, Jackson County finance director Ms. Fox presented the March financial report and several ordinance amendments. She reported general fund revenues to date of $85,653,504 (79.10% of budget) against expenditures of $69,097,196 (65.98%), leaving revenues about $16,556,308 higher than expenses. Ad valorem taxes were reported at $57,882,698 (102.16% of budget) and landfill disposal fees at $2,883,599 (89.19% of budget). The general fund contingency balance at the end of March was reported as $475,778.
Ms. Fox described budget-ordinance adjustments including a $553,984 increase tied to several grants (Section 18 capital and NCDHHS home-delivered meals, maternal and public-health funding) and a net $1,250,000 general-fund increase to transfer loan proceeds into a capital reserve fund and to cover a real-estate purchase and contingency. Commissioners asked clarifying questions about the contingency and were told it covers miscellaneous departmental needs.
On project ordinances, the board approved moving $2,845,242 from the administration-building fund into school projects, including an additional $118,044 for Smoky Mountain High athletic fields to cover a higher-than-estimated track cost. Ms. Fox also presented a North Carolina Department of Commerce grant for Webster infrastructure of $2,530,647.
The consent agenda (which included the financial report, tax-collector report and the described ordinance amendments) was moved and adopted by voice vote with no opposition.
