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County faces urgent $124000 fund crisis as audit looms

October 18, 2024 | Columbia County, Florida


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County faces urgent $124000 fund crisis as audit looms
During a recent government meeting, officials addressed a pressing financial issue concerning a $124,000 negative fund balance in Region 7. The situation is currently under scrutiny as an audit for the fiscal year 2023-2024 is set to take place, although officials do not anticipate significant improvements from this review.

Todd Hutchison from Alachua County's Office of Management and Budget is actively working to mitigate the negative balance in collaboration with CareerSource and the Florida Department of Commerce. A proposal was made for Columbia County's attorney to connect with Alachua County's attorney, Dave Fred Pisano, to explore potential solutions. This could involve leveraging in-kind donations made by the county to Florida Crown over the years, which may help offset the deficit.

Officials expressed optimism about reducing the negative balance to zero, but acknowledged that challenges remain. They highlighted that CareerSource has a directors and officers policy in place, which has been extended for an additional year, allowing for claims to be filed if necessary. The meeting concluded with a commitment to continue addressing the financial concerns, emphasizing the need for ongoing efforts to resolve the issue.

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