Unspent misstated

Reported 104,360.92 more on hand than it had received

$104,360.92

Amount in this finding

DGrade D · provisionalSomerset County

Unspent misstated · Verified · Updated 10/04/2026 · 3 documents

The FY2025 report says the County had received 1,507,600.47 since distributions began in 2022, interest included (p1, question 3). It certifies 1,611,961.39 of unspent and uncommitted funds on hand (p2, question 9). That is 104,360.92 more than everything the report says was received. The County's reports certify 558,137.56 spent from the start through 06/30/2025, 42,654.52 in FY2023, 186,325.77 in FY2024 and 329,157.27 in FY2025. By its own figures no more than 949,462.91 could have been on hand.