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County finance officer reports mid‑year surplus projections and possible short‑term borrowing
Summary
The county’s finance update projected a mid‑year revenue uptick of $255,429 and an overall projected year‑end fund balance increase of $727,613, while noting a possible short‑term borrowing need around mid‑September.
Lori, who presented the mid‑year finance report, told the commission the county is about 54% through 2026 and is projecting an additional $255,429 in revenue tied to state shared funds and updated billing. She said the nursing home and other lines are showing surpluses and that combined revenue and expense projections would add roughly $727,613 to the fund balance by year‑end if current trends hold.
"With revenue, we're projecting, uh, a surplus of 255,429," Lori said during her presentation. She also told commissioners the county may need to arrange short‑term borrowing around mid‑September depending on cash flow, and that the financial audit is in final quality review and will be scheduled for a presentation to the commission when complete.
Lori described several line items with potential pressure — county attorney, IT, maintenance and the sheriff's department — but said the projected surpluses on other lines and possible savings in health insurance could offset those deficits. She said the county’s cash balance at the end of June earned interest at roughly 3.69% and that some formerly low‑yield accounts now earn the same rate.
