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Centre County May financial report: $42.6M spent so far; overtime pressures flagged in Corrections, Emergency Communications
Summary
The Finance Committee reviewed the May financial report showing $42.6 million in countywide expenditures (35% of annual budget), General Fund revenues ahead of projections, and overtime totaling $646,000 with Corrections and Emergency Communications exceeding budget thresholds.
The committee reviewed the May financial report showing countywide expenditures of $42.6 million, equal to 35% of the annual budget with 42% of the calendar year complete. General Fund expenditures total $21.3 million (38% of that budget), while other funds show $21.2 million (33%). Capital projects carry the highest expenditure rate among funds.
The report also showed General Fund revenue at $27.6 million (51% of budget) and other-fund revenue at $17.3 million (30% of budget), both higher than the same period last year. Departmental overtime totaled $646,000 (60% of the overtime budget and 6.6% of total salaries). The Corrections department had reached about 62% of its overtime budget; Emergency Communications had exceeded 100% of its overtime budget. The report noted both departments exceed a 10% overtime-to-salary threshold, a pattern similar to the prior year.
Real estate tax collections through May totaled $23 million (89% of the General Fund budget and levy); debt-service tax collections were reported at $4.1 million and follow the same pattern as the General Fund collections. Committee members received this as part of routine monthly reporting; no committee motion tied to the report was recorded at the meeting.
