Determine whether the Legislature and County officials effectively managed the County’s financial condition.
- The County’s financial position has been strained for several years. Its combined funds’1 available fund balance as of December 31, 2017 totaled only $1.9 million or .13 percent of gross expenditures, after $12.4 million in one-time increases that are unlikely to recur.
- The County relied on $65 million in revenue anticipation notes and $30.85 million in reported general fund interfund advances to cover deficit cash balances in 2017.
- The County does not have sufficient general fund balance to mitigate significant revenue shortages or unanticipated expenditures.
- Identify ways to increase recurring revenues or decrease recurring expenditures to improve the County’s financial condition.
- Take measures to ensure the County generates and maintains adequate fund balance and cash flow in all funds.
- Develop a sustainable plan to phase out the general fund’s subsidizing of the solid waste fund.
County officials generally disagreed with our findings and recommendations. Appendix B includes our comments on issues raised in the County’s response (Appendix A).
1 Combined funds include the general and road funds and all enterprise funds.