Clark County general fund fragile but stable

first_imgClark County’s general fund “continues to be in a fragile but stable state,” commissioners heard Wednesday during a routine update.“Despite some major challenges in 2013, we’ve managed to prevent any further erosion of the general fund’s financial position,” Budget Director Bob Stevens said during his opening remarks.“As we begin a new year and the process of developing the ’15-’16 budget, we will continue to face the growing challenge of balancing the most pressing needs of the present against our future financial health,” Stevens said. “Those choices are unavoidable, and I’m afraid none of them are going to be easy.”Commissioners are expected to discuss the challenge in greater detail today during an annual retreat, 9 a.m. to 2 p.m. at Tri-Mountain Golf Course in Ridgefield.Revenues continue lagging behind expenses in the county’s 2013-14 budget, projected at $315.7 million, said Adriana Prata, a county budget analyst.Revenues are estimated at $298 million. The county has been making up the difference between projected revenues and budgeted expenses by dipping into reserves, Prata said, which commissioners knew they’d be relying on when the budget was adopted.Prata said the county won’t meet its policy goal of having enough unassigned money in a reserve fund to keep the county running for 54 days in the event of an emergency.last_img read more

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