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Friday, Dec. 26, 2014

Budget approval delayed by unexpected events

Tuesday, October 7, 2008

(Photo)
Mike McCullough
A couple of wrenches have been thrown into the county's budget hopes.

The Clay County Council discussed possible options to counteract unexpected circumstances regarding the current plan for the 2009 budget at its monthly meeting Monday.

"We received notice that we are not allowed to put our expected surplus from the Welfare Fund into the County General Fund, and it must go into the Levy Excess Fund," Clay County Auditor Mary Jo Alumbaugh said. "Also our certified CAGIT distribution came in about $300,000 less than we had anticipated."

One of the options considered by the council was to go ahead and submit the budget as it is because of a suggestion from the Department of Local Government Finance (DLGF).

"I talked to someone from DLGF and they told me we should submit the budget request on the high side this year," Council President Mike McCullough said. "It may not be too bad of an idea because you never know what might happen."

Other options discussed were setting up work sessions to find other areas to cut or transferring money out of the county's Rainy Day Fund to compensate for the unexpected changes.

(Photo)
Larry Moss
"We have the money set back for a rainy day when we needed it," Council Member Larry Moss said. "Well, right now it's raining."

The council tabled the issue until the November meeting to provide a chance to contact DLGF and analyze other potential options.

Also, to help compensate for potential financial shortfalls while property tax collection is ongoing, the council approved two transfers from the Reassessment Fund to the General Fund.

The first transfer, which was effective upon passage, is for $150,000 while the second transfer, which will be effective Oct. 27 when the investment rolls turn over, is for $350,000. Both transfers, which were unanimously accepted, are temporary and will be repaid to the Reassessment Fund when property tax collection is complete.

The next meeting of the Clay County Council will be Monday, Nov. 3, at 6 p.m., in the Commissioners' Courtroom of the Clay County Courthouse.



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