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Finance director: grants drove $1.475M decrease; revenues still exceed expenditures by $4.35M
Summary
Finance Director Willie Mack Carawan told commissioners audits are in progress, grants reduced fund balances by about $1.475 million, overall revenues exceeded expenditures by $4.35 million, and the general fund budget is $25 million.
Finance Director Willie Mack Carawan said the trial balance had been submitted to auditors and that financial statements showed an approximate $1.475 million decrease primarily related to grant spend-downs. He reported total revenues exceeded expenditures by about $4.35 million and that some lines appear over budget because of maintenance agreements and grant expenditures.
Carawan provided details of the general fund, noting a $25 million budget with $10.73 million spent year-to-date and $8.68 million encumbered. He also reported social services expenditures exceeded revenues by roughly $982,000 while the water department had a positive variance of $352,856.
