County Financial, Audit and Legislative Affairs Committee

The Peoria County Financial, Audit and Legislative Affairs Committee met on August 26, 2025, to review the county's fiscal status halfway through the budget year. The committee discussed financial reports indicating that overall county revenues are near budget expectations at 49.8%, while expenses are below projections at 36.8%. Specific attention was given to the general fund, which showed revenues at 45.6% and expenses at 43.7%. The committee noted challenges in budgeting for volatile revenue sources such as the PPRT tax, which is projected to be about 32.5% below budget year-to-date. Grant-related revenues and expenses, including a digital equity grant and a public defender grant, were also discussed, highlighting timing differences in recording these funds. Contractual obligations, such as a truancy contract with the ROE, were reviewed to ensure expenses remain within agreed limits. The committee confirmed that fund balances are stable following property tax receipts. No new resolutions or contract awards were presented during this meeting, and the committee approved the review of executive session minutes unanimously. Overall, the meeting focused on financial oversight and budget monitoring without new procurement actions.