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.