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County board hears financial update

By: Erin Smith

Bladen County Seal with In God We Trust 1The Bladen County Board of Commissioners met on Monday and received the financial report for the  period ending July 31, 2016, from Finance Director Lisa Coleman. The county began a new budget year on June 30, 2016. 

She told the board that as of July 31, the county has collected 5.96 percent of the budgeted revenues for FY 2016-17. The county has spent has 10.34 percent of the revenues collected. The county is showing year-to-date revenues of $2,714,137 and year-to-date expenditures in the amount of $4,711,608 . The county budget currently shows a fund balance decrease of $1,997,470.

On the jail project, Coleman said the budget shows actual revenues for the jail project to be $22,863,657 and the expenditures to be  $5,589,521 for a fund balance of $17,274,136.

The solid waste fund has received 2.82 percent of the budgeted revenue and spent 28.69 percent of those revenues. The budget shows actual revenues for the solid waste fund to be $59,299 as of July 31 and the expenditures to be $603,728 for a fund balance decrease of $544,430.

The emergency telephone fund has received 5.47 percent of the budgeted revenues and spent  3.04 percent. The budget shows actual revenues for the emergency telephone to be $15,562  as of July 31 and the expenditures to be $8,661 for a fund balance of $6,901.

The water department has received 9.29 of the budgeted revenues and spent 49.46 percent. The budget shows actual revenues for the solid waste fund to be $192,485 as of July 31 and the expenditures to be $143,316 for a fund balance of $49,168.

To view the complete report, click here.

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