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County executive announces monthly financial reports and earlier bank-balance reporting
Summary
Jackson County executive said the county will begin providing a bank-balance comparison and monthly financial status reports to the legislature at the 4th meeting of each month beginning April 27, citing county code sections that will guide the reporting.
The county executive told the Jackson County Legislature that detailed financial reports will be provided to the legislature on a recurring schedule to improve transparency. He said a bank-balance comparison for accounts over $100,000 and monthly financial status reports will be provided at the legislature's 4th meeting of each month, beginning with a report covering March financials on April 27.
"This report, bank balance comparison with year to date, current and year to date previous year for accounts with over $100,000 will be provided to the legislature at their 4th meeting of each month," the county executive said, adding the first such report will be provided on April 27. He referenced county code sections and an annual snapshot reconciliation that will also be delivered.
The executive framed the move as a response to concerns about past opacity in access to numbers and said the reports will contain the previous month's financials. He also said his financial team will make the numbers available on a predictable schedule.
No committee motion was required for the announcement; members asked clarifying questions about timing and about how the information will be shared with the legislature.
