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County finance warns unassigned fund balance below policy; committee approves transfers to cover corrections, clinics and tort liabilities
Summary
Finance presented an unaudited FY24 close estimate showing unassigned general fund balance at about 17.7% (below the preferred 25% policy). The committee approved transfers totaling approximately $24.5M to cover corrections deficits, clinics and tort fund obligations.
Finance staff presented an update on the county's projected FY24 fund balance and recommended transfers to cover existing deficits in enterprise and special funds.
Director Audrey Tipton said the projected unassigned general fund balance was about $81,815,208, or roughly 17.7% of revenues — below the county's 20–30% policy target and below the preferred 25% level. Tipton explained required FY24 transfers included approximately $9,034,083 to the Corrections Enterprise Fund (which ran a deficit in FY24 driven partly by lower inmate populations and contract rate issues), $282,765 for health clinics and about $14,267,435 reserved for tort liabilities identified through auditing obligations.
Tipton and public‑works staff discussed corrective steps, and commissioners asked for quarterly updates, trends on tort claims and additional detail on corrections revenue shortfalls. The committee approved the transfers with a favorable recommendation.
