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Commissioners question fund-balance math and debt-service tax-rate notes
Summary
Commissioners raised concerns that the all-funds reserve percentage and other fund-balance calculations do not add up to the numbers presented; spreadsheet formulas and projected vs. actual expenditures were cited as causes.
A Commissioner said he could not reconcile the all-funds reserve percentage in the materials and said his own calculations produced a different figure (he cited 22.4% versus the published 20.059% on page 19 and 17.035% all funds). The Chair acknowledged the discrepancy may stem from differences between actual expenditures and projected expenditures and said he would verify the formulas in the spreadsheet.
The group also discussed debt-service items: the tax-rate figure for debt service read aloud from the materials as "04524," and the Chair noted the county planned to refinance a balloon payment on road graders — steps that affect the debt-service line and the tax-rate calculation. Commissioners asked staff to produce reconciled numbers before finalizing the budget.
