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Auditor: Allen County begins year with $50 million cash and $45 million available to appropriate
Summary
Auditor Jackie Scheuman reported the county started 2026 with roughly $50 million in cash, about $45 million unencumbered and available, citing $4.4 million budget rollover and $9 million in revenue above estimates.
Auditor Jackie Scheuman told the council the county began 2026 with about $50 million in cash and roughly $45 million unencumbered and available to appropriate. She attributed the balance to a $4.4 million budget rollover and more than $9 million in revenue collections above estimates, noting approximately $4.3 million of the excess revenue was interest income.
Councilmembers pressed for more granular reporting on specific funds, including the jail bond proceeds, cumulative capital (Cum Cap) and LIT economic development balances. Scheuman said Cum Cap had $8.9 million cash with $4.8 million unencumbered and that LIT economic development had $33.9 million in cash with $27.2 million available to appropriate. She agreed to provide detailed periodic reports on collections and fund balances.
Councilmembers flagged the transitiveness of interest revenue and cautioned against budgeting to peak interest levels. Scheuman said staff will provide detailed year-end analyses in the coming weeks.
