County Finance chairman says financial picture improving
7 months, 2 weeks ago by Jamie Busen
Projected deficit at $130,000
The chairman of the Adams County Finance Committee Tuesday night gave a brief snapshot of the county's financial situation during the monthly County Board meeting.
John Johnson said since last month's Board meeting, the committee has met three times to shape the new fiscal year budget. The group meets again Monday night.
Johnson said they will work to whittle down what right now is a $130,000 county general fund deficit and he expects to present to the full Board a balanced budget.
At September's meeting when Board members were given a first rough draft of the budget, the County general fund showed revenues of $12.2 million and $13.3 million in expenses for the fiscal year.
Johnson said that cash flow year to date has improved over last year, and the County's general fund balance of about $2.3 million was much greater than one year ago, partly because the state got caught up in some payments early on. Last month, $942,000 in real estate tax payments came through to help boost the general fund's figures.
"We are in a much better financial situation" than last year, Johnson said.
He added he and the other Finance Committee members will continue to meet with department heads to work on the budget.
In other action, the Board approved an updated animal control resolution that brought the current laws closer to mirroring state laws.
The Board tabled a resolution that would have passed an Emergency Management Agency Act because of wording in the language that stated the Board had the power to "levy for EMA purposes a tax." Some Board members were uncomfortable with that power, which would allow the Board to levy a tax "not to exceed five cents per hundred dollars of the assessed value of all taxable property in addition to all other taxes."