Unspent misstated

Left the fund's interest out of its unspent balance

$149,301.73

Amount in this finding

DGrade D · provisionalSussex County

Unspent misstated · Verified · Updated 10/03/2026 · 5 documents

The FY2026 report certifies 1,086,848.77 of unspent and uncommitted funds on hand (p2). That is the sum, to the cent, of the nine settlement reserve subaccounts 02-214-55-000-02501 to 02510 on 06/30/2026. It leaves out reserve subaccount 02599, the interest the settlement money has earned, which held 149,301.73 on that date. The same report's total received since 2022, 2,802,750.50 (p1), equals every settlement payment and every interest posting through 06/30/2026, so it counts the interest as received. The earlier reports use the same method. FY2025 certifies 1,237,423.42, the ten principal subaccounts on 06/30/2025, without the 89,402.11 of interest then held, although its total received is stated as including interest accrued. FY2024 certifies 1,063,687.55, the reserve's 1,096,540.52 on 06/30/2024 less 32,852.97, the figure the same report gives as interest accrued since 2022.