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| Chris Caldwell |
Knox County's finance guru and head
bean counter Casual Chris Caldwell met with county commissioners
today to update the coin flow through the county coffers. Looks like
we're in the red by about $8.1 million, although Caldwell says don't
hit the panic buttons just yet.
He pointed out that general fund
revenues are down about $432,000 compared to this point last fiscal
year. The debt service fund also is down almost $13.7 million, although Caldwell
noted that money hasn't been transferred to cover the school system's
piece of debt.
Also, school spending is up almost $6
million compared to this point last year. Caldwell suggested that was
mostly because of timing and because the system received all that
extra coin from the county commission during last spring's budget
process.
The brief discussion comes after
commissioners in September said they were surprised to find out that
the county had a $24.2 million surplus. (It's a long story, click
right smack here for details.)
Stay tuned as most of this will balance
out.
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