Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Disaster Recovery Finance topic
No spam. Unsubscribe anytime.
Auditor: FEMA reimbursements and storm costs drove revenue and expense swings
Summary
Auditor told the commission FEMA grant receipts (related to Hurricane Ian) boosted intergovernmental revenue by about $600,000, while Hurricane Milton cleanup added roughly $1.7 million to general government expense for FY2025.
Get email alerts on the Disaster Recovery Finance topic
No spam. Unsubscribe anytime.
The audit presentation flagged storm-related financial activity as a major driver of year-over-year changes. Ron Whitesides told commissioners intergovernmental revenues were up by about $600,000 because FEMA reimbursements from earlier hurricane recovery work arrived in the fiscal year: "That's because of some FEMA grant revenues you received this year...related to hurricane Ian actually a couple of years ago."
On the expense side, Whitesides said about $1,700,000 of the $3,100,000 increase in general-government spending was tied to hurricane cleanup (he cited Hurricane Milton in October 2024) for activities such as debris removal and related costs. Those hurricane-driven swings contributed to an $8,600,000 increase in total general-fund activity (including transfers) compared with the prior year.
