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Treasurer reports $30.8 million cash balance, committee flags accounting reconciliation
Summary
The county treasurer told the finance committee the June ending balance was $30,818,515.09 and highlighted strong year-to-date revenues; committee members asked staff to reconcile differences between bank balances and the NuVision accounting report and return with corrected figures next month.
The treasurer reported the county’s cash position at the end of June as $30,818,515.09 and said daily receipts for the period totaled $3,968,247.85.
“That first sheet you have just shows our balance, at the end of June, showing a balance of $30,818,515.09,” the treasurer said. Committee members pressed staff about apparent mismatches between bank balances and figures produced by the NuVision accounting system; staff said they are investigating formula and posting timing issues and will present a corrected report next month.
Members also reviewed sales-tax receipts and delinquent-tax balances. The treasurer reported sales tax of $220,862 and delinquent real-estate balances of roughly $1.125 million, noting a large payment recently cleared and reduced the delinquent total. The committee encouraged staff to provide revised reports that reconcile the software output with bank statements and to include clearer date labeling on future reports.
The committee placed the treasurer’s report on file and asked for an updated, reconciled report at the next meeting.
