The Finance, Audit, and Budget (FAB) Committee, chaired by Commissioner Ted Terry and joined by Commissioners Michelle Longspears and Shekauer Johnson, met on Tuesday, September 15, 2026, at 3:00 PM. The agenda included financial statements review, a tree bank audit presentation, several contracting items, and extensive mid-year budget discussions. Key decisions included approval of minutes and a change order, while major financial advisory services procurement and mid-year budget requests were deferred for further refinement.
Good afternoon. Welcome to our finance audit and budget committee. Uh chaired by myself, Commissioner Ted Terry, joined by Commissioners Michelle Longspears and Commissioner Shekauer Johnson. It is Tuesday, September 15th. And we have several items on our agenda today. So we're gonna remove that from the discussion of the agenda. We're gonna go over the financial statements, uh, the tree bank um audits, and we have some mid-year budget discussions and then a couple contracting items as well. So before we do that, let's do our meeting minutes from August 25th, 2026. And if there's no questions, comments, edits, I'll open the floor for motion. Move to a second. All right, motion a second, seeing all no questions, all in three raising and say aye. Aye. Chair both sides, motion is carried. Okay, all right. So uh Diane, would you like to begin? Okay. You ready? We haven't had had these in a while, so we're so excited to go to the to the financials. I think there's a handout right here. Um right there, I think. Good afternoon. Good afternoon. Um I sent out the detailed financial statements back in August. And this is a new summary report that I've developed that I hope will keep it from being just page after page after page. Um the first pay the first one are the unaudited governmental operating funds. These are what uh we refer to as our tax funds. And you can see what I've got is the first is the general fund, and what I show you is the current budget, then actual for the current year, and this is six months, then the percent of budget, and then I've reflect what it was the prior year. So for each fund, we've got the revenues less the expenses, and this is the net change. This is what will change in the fund balance numbers or a net gain or loss. Now, what you're gonna show what we're gonna see in the expenditures, or one of the things to look at is making sure, because we're at six months, how who's over 50 percent? Okay, um, and I'll get there's only one that is a little over 50 percent. And then um in revenues, the percent of revenues, you're gonna see the difference between what is funded by tax funds and those that get other funds as well. So as the general fund, you can see that our revenues are at 25 percent of budget, and that's of course because we don't collect the tax funds until later this month. And then the expenditures are at 42 percent for a net negative a net of expenditures over revenues of 102 million. Again, that's normal this time of year. You can see that in the prior year we were at a net negative of 101 million. Then for the fire fund, you can see that the the budget is a net change is to be a net change going down by 8 million. Uh and what we've got so far is the revenues at 8 percent, the the expenditures at 42 percent for a net negative of 41 million compared to the prior year, 42 million, very close in line. Designated services. We have a budgeted net increase in fund balance for the year of 550,000. Revenues are at 5% of budget and expenditures are at 43 percent of budget for a negative number at this point in the year of about 24 million compared to 22 million the last year. You can see how very consistent this has been. Then in unincorporated, we've got a budget of negative 3.2 million. That means we're budgeting every year. We have a little too much fund balance in one fund, a little less in another fund, and so uh TJ and his folks try to even that out. Um, and so on revenues are at 48 percent of budget, expenditures are at 40 percent of budget, and the net change of 1.3. That's because they've got um sales taxes, is that right? CJ. The unincorporated fund has sales taxes in it for revenue. Okay, I'm sorry, I'm misspoke.