Video & Transcript Research : 'nonreverting balance'
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MN
Transcript Highlights:
- The Office of Higher Education predicts that the Senate will leave a positive balance in the program
- </c> the senate will leave a positive balance the senate will leave a positive balance in<00:01:40.000
- </c><00:20:25.679><c> on</c> three, and the carry forward balance on three, and the carry forward balance
- that helps us balance this this bill. bill. bill.
- Down to line 291, you'll see the balance forward from the previous biennium of $2,625,000.
MN
Minnesota 2025-2026 Regular Session
House Housing Finance and Policy Committee 2/24/26
Housing Finance and Policy
Transcript Highlights:
- And all we're striving for is a healthy balanced market with a balance between supply and demand that
- And all we're striving for is a healthy balanced market with a balance between supply and demand that
- So, we'll hear five, 10, I've even heard 100,000, 2, 300,000. healthy balanced market with a a balance
- healthy balanced market with a a balance between<01:06:52.200><c> supply</c><01:06:52.520><c> and</c
- </c> that's where the market's more balanced that's where the market's more balanced and<01:09:32.200
NH
New Hampshire 2025 Regular Session
House Finance Division II (03/17/2025)
Transcript Highlights:
- The reason, obviously, I'm concerned is I want to have your budget look balanced without any general
- </c> transfer anything exceeding that balance transfer anything exceeding that balance into<00:17:07.160
- When you're doing both, it's a checks and balances of each other. Great. Thank you.
- I am just very concerned about the balance in the Fish and Game fund.
- in the fishing game fund we the balance in the fishing game fund we have<00:45:27.119><c> had</c><00
Summary:
The Finance Division II work session focused on Fish and Game’s budget-revenue proposals and several statutory changes the department said it needs to support its operations. The department recommended raising the fisheries habitat fee and wildlife habitat fee to $5 each, estimating additional annual revenue of about $640,000 and $144,000 respectively. Members clarified that these are habitat fees added on top of licenses, not reduced by senior or youth license categories, and discussed the need for RSA changes to allow the revenue to be transferred into the Fish and Game Fund. The department also said it would work internally on any broader license fee increases through the commission process.
The committee then reviewed proposals to cap several dedicated accounts and transfer excess balances to the unrestricted Fish and Game Fund. Those accounts included the fisheries and wildlife habitat funds and the game management account, with the department proposing a $750,000 cap on each and transfer of amounts above that threshold. The department said the cap was based on several years of expenditures and the fact that dedicated funds are often used as match for federal funds. Members asked for reports on fund activity and questioned whether the cap and mandatory transfer language should be “shall” or “may,” with the department indicating it would prefer “may” for flexibility. The committee also discussed a Pheasant Management Program account, where the department said current law limits use of the money to buying and propagating pheasants and it wants authority to use it for broader program management.
A substantial portion of the meeting addressed Fish and Game’s environmental review unit and the transfer of ARPA-funded positions to DEES under the governor’s initiative. The department said four positions are currently ARPA-funded, that DEES supports keeping them in place through the end of the year, and that the transition will require time because environmental review work is intertwined across the agency. The department explained that before the ARPA positions, biologists handled the work and that current staffing has helped eliminate a backlog and meet deadlines. Members also discussed a proposal to expand environmental review fees beyond private developers to state, federal, municipal, and local governments, with the department saying it would need rulemaking and stakeholder input. Additional requests included authority to conduct raffles to raise funds, creation of a revolving account for donations and raffle proceeds, and repeal of the obsolete fish food sales statute because the vending machines are no longer functional and the account generates no revenue.
MN
Transcript Highlights:
- Ohi may choose to spending balance Ohi may choose to transfer<00:15:53.160><c> unused</c><00:15:53.560
- So, in general, if the office projects a substantial surplus or spending balance in this State Grant
- And then, if the State Grant is projecting a spending balance, but in the event of a projected deficit
- </c> or get as close as we can so balance or get as close as we can so balance doesn't<00:23:34.159><
- um but in the event a spending balance um but in the event of<00:23:49.039><c> a</c><00:23:49.200><c
HI
Transcript Highlights:
- The balances are on the impact fees: $20 million fair share, $8 million.
- Sorry, that second account is called the fair share contribution balances.
- Sorry, that second account is called the fair share contribution balances.
- If that balance and that power were given to us, we'd have to analyze what authority we have specific
- In order to spend down the balance and administer the current funds for the existing districts, they
Summary:
The House Committee on Housing held a public hearing on several bills. HB 576, relating to restrictions on the transfer of real property under chapter 201H, drew support from HHFDC and the Department of Hawaiian Home Lands, which said the bill would waive transfer restrictions that conflict with DHHL’s program implementation. HB 421, relating to contractors, drew opposition from the Contractors License Board and DCCA/RICO, who said the measure would weaken owner-builder restrictions meant to prevent circumvention of contractor licensing laws; Hawaii Roter and the Grassroot Institute supported it. Members questioned whether the bill would still bar resale within a year and whether subcontractors would still need licenses. HB 367, relating to building permits, received support from the Hawaii Farm Bureau and Grassroot Institute, with comments from DLNR; testimony urged the bill to be expanded to include zoning permits as well as building permits to avoid confusion, especially on Kauaʻi.
HB 826, relating to housing, received mixed testimony. HHFDC and several local and advocacy groups supported it, while the Sierra Club raised concerns about converting agricultural lands to residential use, possible impacts on food security, property values, taxes, and the need to account for public trust and traditional practices. HB 525 also drew support from HHFDC and three individuals, with no opposition noted. HB 252, relating to managing agents, was supported by the Hawaiʻi Council of Community Associations and opposed by the Community Associations Institute and several individuals, who argued that commercial management experience is not the same as condominium management and preferred language tied to industry certifications and a later effective date.
HB 709, relating to trespassing, was opposed by the Honolulu Police Department, which said officers would have difficulty verifying ownership or tenancy in the field, that the bill could require a separate enforcement team, and that the sheriff’s division is better suited to handle evictions. Hawaiʻi Realtors and the Grassroot Institute supported the measure. Finally, HB 431 HD1, relating to housing, received broad support from the Hawaiʻi State Council on Developmental Disabilities, HHFDC, DHS, the Statewide Office on Homelessness and Housing Solutions, OHA, county housing offices, and multiple nonprofit and political groups. Supporters emphasized the bill’s funding for housing and supportive services, with the homelessness office describing the measure as unprecedented and saying it could help the state cut homelessness in half over the next few years.
CA
California 2025-2026 Regular Session
Assembly Utilities and Energy Committee Aug 5th, 2026
Transcript Highlights:
- In addition, SoCal-REN, we're all about a balanced approach.
- to balance between some different objectives of folks to find the right solution in the middle.
- So there is a balance. There is a balance.
- And so that's where the balance, that's where the imbalance happens.
- Indicates that you should find that balance so that it's a ratio that you can, right?
Summary:
The Assembly Committee on Utilities and Energy held a hearing on how CPUC-overseen energy efficiency programs are budgeted and evaluated, with a focus on whether ratepayer-funded programs are delivering sufficient value. The chair framed the issue as not whether energy efficiency works, but how to measure success as programs have shifted from simple measures like lighting to more complex retrofits, electrification, and equity-oriented offerings. CPUC staff outlined the statutory framework, the four-year budget cycle, recent spending of about $795 million in 2025, and the use of the Total System Benefit (TSB) goal metric and the Total Resource Cost (TRC) test for cost-effectiveness, noting that some programs, such as equity and market-support offerings, are exempt from TRC requirements at the program level.
Utility, regional network, implementer, and public-interest witnesses largely agreed that energy efficiency remains important for affordability, reliability, and decarbonization, but differed on how to evaluate it. PG&E and SoCal Regional Energy Network representatives emphasized portfolio-level management, the value of third-party implementers, and the need to keep cost-effectiveness at the portfolio or segment level rather than the individual program level. The Energy Coalition argued that the current TRC framework undervalues efficiency because it counts participant costs without fully capturing participant benefits, and urged changes to the metric and to how savings are credited. CalTF staff similarly said programs should receive credit for all savings they influence and that current rules can disadvantage efficiency relative to other demand-side resources. The Public Advocates Office countered that ratepayer-funded programs should produce benefits greater than costs, supported TRC as a useful check, and raised concerns about the growing share of budgets going to programs that have not demonstrated cost-effectiveness.
Committee members repeatedly said the math was difficult to explain to constituents and pressed witnesses on whether participant costs should be included in TRC, how TSB is calculated, and whether a simpler or more consistent framework should be used across programs. CPUC staff said the relevant issues are already in two open proceedings, with the budget application proceeding expected to conclude in roughly Q2 or Q3 of the following year and broader policy questions remaining in a separate rulemaking. No votes were taken, and the hearing ended with general agreement that the portfolio should remain accountable, but continued disagreement over the best metric and how to balance affordability, equity, and grid benefits.
CA
California 2025-2026 Regular Session
Assembly Floor Session Jun 15th, 2026
California House Floor Meeting
Transcript Highlights:
- We are balancing our budget. We are balancing our budget not only this year, but next year.
- We have a spending problem, choosing priorities to keep our budget balanced.
- So let's take another $2.3 billion out of health care to balance the general fund.
- To balance our own budget by taxing health care is a moral failure.
- I stand here before you, and I refuse to balance this... No further debate.
Summary:
The Assembly convened, initially lacked a quorum, and then completed the roll call, prayer, and pledge. Members observed a moment of silence for the fatal B-52 crash at Edwards Air Force Base in Assemblymember Lackey’s district. The body then handled a series of procedural motions, including re-referrals of numerous Senate bills to different committees, suspending rules for committee notices, and taking up the budget bill, AB 109, without reference to file for concurrence in Senate amendments.
Debate on AB 109, the 2026 budget act, centered on competing views of the state’s fiscal condition and policy priorities. Supporters said the budget balances the current and next year’s budget, reduces the structural deficit, builds reserves, protects health care, schools, housing, food assistance, and other safety-net programs, and responds to federal cuts under H.R. 1. Opponents argued the budget increases taxes and costs, shortchanges schools, underfunds Proposition 36, relies on gimmicks, and does not adequately address public safety, cost of living, or long-term sustainability. Several members also highlighted specific provisions such as hospital support, Medi-Cal and IHSS protections, child care, immigrant legal services, prison closure, and funding for courts and victim services.
A motion by Assemblymember DeMaio to return AB 109 to the Senate failed on a roll call vote, 13 ayes to 45 noes. The Assembly then voted on concurrence in the Senate amendments to AB 109; the measure passed, and the Senate amendments were concurred in without objection, with immediate transmittal to the Governor. Afterward, the Assembly moved to the daily file and took up SCR 89, a resolution affirming diversity, equity, and inclusion. Supporters from several caucuses framed DEI as a core California value and a response to federal attacks, while opponents criticized DEI as divisive. The transcript ends during debate on SCR 89, before any final vote is shown.
ND
North Dakota 2026 1st Special Session
Legacy and Budget Stabilization Fund Advisory Board Mar 31st, 2026 at 11:00 am
Legacy and Budget Stabilization Fund Advisory Board
Transcript Highlights:
- But what we can say is that if you don't balance it, then one or the other has to give.
- Preservation of the intergenerational balance. I think that's obvious.
- Preservation of the intergenerational balance. beat that to death than I am.
- Preservation of the intergenerational balance. I think that's obvious.
- Are we talking about intergenerational balance or diversification?
ND
North Dakota 2026 1st Special Session
Legacy and Budget Stabilization Fund Advisory Board Mar 31st, 2026
Legacy and Budget Stabilization Fund Advisory Board
Transcript Highlights:
- But what we can say is that if you don't balance it, then one or the other has to give.
- Preservation of the intergenerational balance, I think that's obvious.
- Preservation of the intergenerational balance. beat that to death than I am.
- Preservation of the intergenerational balance. I think that's obvious.
- Are we talking about intergenerational balance or diversification?"
Summary:
The committee met with a quorum, approved the October 22 minutes, and received an update on the planned Legacy Fund transparency website. Jody Smith said the site is in contract negotiations after six bidders responded, with a target go-live around November 1 after added security review. The website is intended to provide downloadable, more detailed public information on the Legacy Fund, including historical changes, legislative allocations, and investment breakdowns. Members asked about comparables and data detail, and Smith said North Dakota would likely be the first state to offer this level of sovereign wealth fund transparency.
Scott Anderson of the Retirement Investment Office then reviewed Legacy Fund performance through January 31, 2026, describing strong returns, low fees, and the benefits of diversification. He noted that real estate had been a drag on returns, but it is a small portion of the portfolio, and he discussed market effects from geopolitical events, inflation, credit spreads, and private credit. Members also questioned the in-state investment program and the BND CD-Match program. Representative Bosch moved to pause new transfers to the CD-Match program until the bank reports back, and the motion passed on a roll call vote. The committee also agreed to request a cost-benefit analysis from RVK on that change.
After lunch, the committee heard from RVK consultant Jim Voidko on the investment policy statement, focused on the in-state investment provisions. He reported that, after interviews with implementers and stakeholders, RVK found no major policy impediments in the current IPS and no strong calls to change the size limits or core guardrails. He emphasized the importance of risk-adjusted returns, diversification, pacing, exit strategies, and governance, and warned that foregone returns or higher spending obligations can pressure the fund’s long-term mission. He also recommended clearer terminology around “infrastructure,” distinguishing public infrastructure from commercial infrastructure, and noted unresolved policy questions about nexus and economic diversification. The committee then began reviewing proposed IPS updates with Rio staff.
FL
Transcript Highlights:
- And so it is a delicate balance to your point, Senator. Mr. Chair, follow up. You're recognized.
- It is a delicate balance to your point, Senator. Mr. Chair, follow up. You're recognized.
- So I think that's the balance there.
- So we've tried to be balanced in the approach on that implementation as well.
- So we've tried to be balanced in the approach on that implementation as well. Thank you, Leader.
VT
Vermont 2025-2026 Regular Session
Joint Assembly - VSC Trustees and Adjutant General - 2026-02-19 - 10:30AM
Vermont Senate Floor Meeting
Transcript Highlights:
- The Adjutant General must balance national security and state emergency response.
- </c> The agitant general must balance The agitant general must balance national<00:09:54.640><c> security
- </c><00:10:09.519><c> requires</c> moment in history, that balance requires moment in history, that balance
- He places service members' well-being and work-life balance at the center of readiness.
- </c> balance at the center of readiness. balance at the center of readiness.
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Jan 23rd, 2026 at 09:13 am
House Appropriations & Finance
Transcript Highlights:
- or receiving funds, a history of a history of... ...pilot or receiving funds, a history of cash balances
- So for this particular NextGen grant, any unspent balances actually go back to the state.
- As part of that, they've got unrestricted cash balances of $738 million, highest ever going up.
- To allow for the system to kind of balance itself a little bit. Thank you. Thank you, Madam Chair.
- So, due to that available balance at the time of the recommendation, it was not included.
Summary:
The meeting began as an informal education budget work group focused on reviewing a revised House Appropriations and Finance Committee scenario and flagging concerns rather than taking votes. Staff outlined the main changes from the LFC recommendation, including moving the statewide student information system appropriation, adding funding for the Black, Bilingual, Multicultural and Hispanic Education Act, universal school meals overrun costs, an evidence-based CTE pilot with a 50% local match, STEM network funding, wellness room pilots, Martinez-Yazzie action plan items, and changes to innovation zone and out-of-school time appropriations. A separate handout on the seven-year CTE pilot explained spending patterns, reversions, and possible federal maintenance-of-effort concerns if the state continues funding beyond a true pilot. Members then debated CTE extensively, with several arguing it improves attendance, graduation, and career readiness and should be sustained or expanded, especially in rural areas, while staff and others emphasized that much of the current funding has gone to general operational costs rather than intentional program design and that regional or matched funding models may be more effective. Members also discussed STEM and math initiatives, the need for more industry involvement, and whether the proposed match requirements would be too burdensome for smaller districts and BIE schools.
The discussion also covered the Black, Hispanic, and Multilingual Education Acts and the Martinez-Yazzie lawsuit. Some members stressed that the acts should be explicitly named in the budget language and not merely implied, while staff said the scenario reaffirms prior commitments by building the costs into agency operating budgets. Members raised concerns about charter school hold-harmless funding, declining enrollment, and the need to align spending with the needs of at-risk students. The work group ended the education portion without any votes, with staff noting they would incorporate the feedback and return with clarifications, including on CTE funding, the educational acts, and the charter hold-harmless item.
The meeting then shifted to the child well-being and early childhood work group, where staff presented a revised Early Childhood Education and Care Department scenario. The proposal moved money toward child care assistance and early pre-K, kept the FIT program funding level unchanged, and used a mix of trust fund, TANF, federal, and operating-budget adjustments to close part of the gap between the executive and LFC recommendations. Members questioned the policy direction, especially the shift toward infant and toddler care and pre-K expansion, the impact on school-age child care, and the implications for continuity of care and provider costs. Staff explained that the scenario prioritizes younger children and at-risk families, includes language for a wage and career ladder, and would require legislation to raise the early childhood trust fund distribution cap from 500 to 525. Members also discussed a separate proposed CYFD pilot bill (HB 65), which would be distinct from ECECD funding. No votes were taken, and staff said they would return with more cost information on full pre-K plus wraparound care.
A final work group reviewed C2 and Department of Information Technology-related appropriations. Staff compared the LFC and executive recommendations for new funding and reauthorizations, noting that the LFC generally limited new projects while the executive funded more. Members discussed several IT modernization requests, including the Secretary of State’s voter registration and election management systems, the Spaceport Authority, Game and Fish, the State Engineer’s WATERS system, ECECD’s FitKids and EPIC replacement discovery, and Aging and Long-Term Services’ enterprise system modernization. The main themes were whether to fund planning versus full replacement, how to avoid piecemeal spending, and whether new systems should wait for incoming leadership. The Secretary of State’s office said its system is nearing end of life and the planning funds would help prepare a realistic replacement request, while other agencies described aging infrastructure, cybersecurity risks, and the need for modernization. The work group did not vote on any of the items and ended with staff noting additional follow-up on funding needs and reauthorization details.
TX
Transcript Highlights:
- This bill balances.
- House Bill 4384 strikes a balance between utility financial stability and the need for timely investments
- , and establishing a fair and reasonable recovery mechanism is integral to that balance.
- This also fails to address reductions in existing plant costs to balance the incremental gross plant
- So that's why I thought it was a balanced approach, because it.
Keywords:
occupational licenses, renewal, Texas Commission on Environmental Quality, registration, license expiration, HB 2663, inactive well, plugging extension, Railroad Commission of Texas, RRC, oil and gas, orphan wells, well cleanup, well plugging, abandoned wells, surface equipment removal, electric service termination, administrative penalty, Natural Resources Code, Section 89.029
NH
MN
Transcript Highlights:
- That makes the job of getting a balanced budget out here a little easier.
- That makes the job of getting a balanced budget out here a little easier.
- That makes the job of getting a balanced budget out here a little easier.
- </c> program has ranged uh with a balance program has ranged uh with a balance because<01:04:44.880><
- </c><01:05:43.880><c> of</c> are paid back so I'd say the balance of are paid back so I'd say the balance
NH
New Hampshire 2025 Regular Session
House Ways and Means (03/04/2025)
Transcript Highlights:
- And currently we maintain a balance of $1.5 million in order to have the first three days of a major
- The actuarial review came out with them exactly balanced.
- in order to be able to that balance in order to be able to address<00:50:44.640><c> those</c><00:50:
- </c> out with the with them exactly balanced out with the with them exactly balanced the<00:51:22.520
- that particularly on the fuel balance that particularly on the fuel oil<00:52:33.960><c> side</c><00
Summary:
The committee first held a public hearing on HB 660, which would require historic horse racing facilities to pay 10% of HHR winnings to host communities as mitigation. Representative Om said the amendment was intended to leave charities and the state whole while funding local costs tied to large gaming facilities. Supporters argued the measure would address future municipal expenses, while opponents said host towns have not reported current problems and that the bill would single out one industry. Members questioned the 10% rate, whether the proposal was retroactive, and whether it would apply to existing facilities; the sponsor said it would apply to facilities already in place or later added. The hearing was then closed without any vote recorded in the transcript.
The committee then opened a hearing on HB 658-FN, which raises reimbursement caps and adjusts fees for the Oil Discharge and Disposal Cleanup Fund and the Oil Pollution Control Fund. Representative Malloy introduced the bill, and Representative Aly explained the funds as a state-backed insurance mechanism for oil spill cleanup and prevention, including replacement of leaking home heating oil tanks for low-income homeowners. Bob Scully of the Energy Marketers Association supported the bill, saying the fee structure helps fund remediation and tank replacement, though costs are ultimately passed on to consumers. Department of Environmental Services officials Robert Bishop and Jennifer Marts described the bill as extending the fee collection for 10 years, changing reporting dates, increasing the cap for low-income tank replacement, and rebalancing fees based on an actuarial review.
DES testified that the actuarial study found the fund needed to remain solvent and that home heating oil releases are the largest category of new releases, with the fuel oil fee otherwise needing to rise by more than 200% to cover projected costs. The board instead proposed a smaller increase and adjusted other fees accordingly, while maintaining a reserve to cover the first days of a major coastal spill before federal funds become available. Members asked about the basis for the fee changes, the role of the actuarial review, and the statutory language governing who pays the fees. The transcript ends during this hearing, with no final committee action or vote shown.
LA
Transcript Highlights:
- And unfortunately, everything comes out of our fund balance. That's the members...
- And unfortunately, everything comes out of our fund balance.
- But that money is coming out of OGB's fund balance, and ultimately the premiums are...
- And unfortunately, everything comes out of our fund balance.
- It's like the state general fund and the OGB fund balance.
Summary:
The Senate Finance Committee met on May 18, 2026, with eight members present and began by noting the state’s projected REC budget deficit and the need to consider fiscal impacts carefully. The committee first advanced HB 12, which extends the $250,000 surviving spouse benefit to reserve officers killed in the line of duty. Members noted the bill is prospective and that it draws from the same capped fund as other related bills, but it was reported favorable without opposition. The committee also adopted an amendment and reported HB 874 favorable as amended; the bill allows colleges, technical schools, the Louisiana Bar Association, and additional credentials to be added to LA Wallet, with the amendment changing mandatory language to permissive language. HB 951 was then reported favorable, creating an employer-facing workforce unit within Louisiana Works, to be funded through repurposed state and federal funds and existing staff, with a floor amendment expected to rename the unit. The committee also reported HB 979 favorable with amendments after reducing the proposed increase in survivor benefits because members learned several bills were drawing from the same $5 million fund, and HB 1193 favorable as amended, after striking a section that would have extended IDIQ authority to supply contracts for CPR.
The committee then heard HB 909, which would require commercial payers to cover behavioral health crisis services. Representative Spell and LDH officials said the measure is intended to support crisis response centers and steer patients away from emergency rooms when appropriate, and they testified that it should be cost-neutral or absorbed within existing funding. Despite concerns raised by Senator Andrews about premiums, the bill was reported favorable after discussion of its potential savings and a possible pilot in Acadiana. HB 222, requiring Medicaid to cover dental procedures when needed to complete another medically covered procedure, was also reported favorable; LDH said it would absorb the cost within its existing budget and draw down federal matching funds. HB 291, which prevents health plans from penalizing hospitals when an out-of-network physician is involved in an otherwise covered hospital service, generated extensive debate over a disputed fiscal note and the No Surprises Act. OGB officials said any network “leakage” could cost the plan money, while supporters argued the policy is preventative and that the fiscal estimates were speculative. The committee adopted amendment 3941 to exempt OGB from the bill, then reported HB 291 favorable as amended.
Later, the committee took up HB 145, which expands the authority of the law enforcement and firefighter survivor benefit board to cover extraordinary medical and dental expenses. Because members learned it also draws from the same fund as HB 12 and HB 979, an amendment reduced the amount from $50,000 to $25,000, and the bill was reported favorable as amended. HB 430, a local bill for Lafayette to continue paying health insurance costs for surviving families of fallen officers until Medicare eligibility, was reported favorable. Finally, HB 821, which establishes the Louisiana Center for Safe Schools within the Louisiana Commission on Law Enforcement Administration and transfers related duties from the Governor’s Office of Homeland Security, was introduced and discussed as a move with a one-time general fund expenditure already included in HB 1. The committee then adjourned.
AR
Arkansas 2026 1st Special Session
LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES Mar 12th, 2026
LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES
Transcript Highlights:
- Although Schedule 1 and 3 show cash balances of $158,000 and over $65,000 in the general fund for '23
- Although Schedule 1 and 3 show cash balances of $158,000 and over $65,000 in the general fund for 23
- The bank activity and cash and bank balances for numerous accounts did not agree with the treasurer's
- The bank activity and cash and bank balances for numerous accounts did not agree with the treasurer's
- of 12/31/24 the general fund owed a significant amount of balances owed to the IRS.
Summary:
The committee approved the February 12 minutes and then received updates on delinquent municipal water and sewer reports, noting substantial progress in bringing cities back into compliance. Several items were deferred at the request of local officials, including Fargo’s municipal accounting code report, Jericho’s misuse of street funds matter, Biggers, Holly Grove, Gilmore, and several private water and sewer reports lacking proper responses. The committee also filed a number of reports with no questions or with resolved findings.
A lengthy portion of the meeting focused on repeat audit findings and management responses. The City of Strong’s mayor described corrective steps on undeposited funds, improper use of solid waste funds, unsupported spending, IRS payroll tax issues, accounting controls, restricted fund transfers, and budget overruns; the committee commended the city’s efforts and filed the report. Calhoun County’s report, involving improper county spending for an appreciation banquet and altered receipts in the collector’s office, was also filed after discussion about educating local officials on constitutional spending limits. Other reports filed included Salem, Briarcliffe, Compton Water Association, and Montgomery County Regional Public Water Authority, while several private water reports were deferred or referred to prosecutors and the Attorney General.
The committee reviewed a major regional solid waste management districts report, with significant findings for Pulaski County and Faulkner County involving unapproved payroll items, missing documentation, vehicle and cell phone use, lack of competitive bids, and weak internal controls; Benton County had fewer issues, and several districts had no findings. On motion, the Pulaski County report was deferred so district representatives could answer questions. The committee also heard from Nevada County, where unauthorized withdrawals and interlocal landfill agreement problems were discussed; the county judge said the issues were being corrected, and the report was filed. Later, the committee heard from the City of Grubbs about long-standing IRS debt and from Cross County Rural Water System about overdue audit posting and water quality problems; both witnesses described corrective efforts and ongoing funding or infrastructure projects, and the committee filed the reports after extensive discussion.
MO
Transcript Highlights:
- Because that is our checks and balances in the city of St. Louis.
- They are able, you know, it goes up to a second pair of eyes for checks and balances.
- Louis, which is our checks and balances. That's why I'm talking numbers.
- That is the kind of thing that we expect checks and balances to look into.
- That is the kind of thing that we expect checks and balances to look into.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Wednesday, November 12, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- Speaker, I reserve the balance of my time.
- I yield back the balance of my time.
- I yield back the balance of my time.
- I yield back the balance of my time.
- I YIELD BACK THE BALANCE OF MY TIME.