3/16/1983 - Laserfiche WebLink

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MAR 16 198 Fund and the Special Revenue Fund ended up the year with a strong fund balance, which is very commendable. Commissioner Wodtke felt that when the lay person looks at this audit, it appears to them that we have more expenditures than revenues, and that is illegal. He felt that perhaps we had better explain further about our other revenue sources. Mr. Vodenicker explained that the next page compares budget to actual, and in fact, it is possible to expend more money than you bring in because of surpluses and other sources that are not classified aw revenue items. Mr.Vodenicker continued to review the financial report, stating that actually the Board not only wav_very conservative in their budgeting, but they also underspent during the year with the result that.the General Fund is in a strong financial position and the County is taking a sufficient amount of surplus into the new fiscal year. On pages 38 and 39, however, the Water and Sewer enterprise fund shows considerably more current liabilities than current assets. Mr. VQdenicker commented that although he recognized the County is trying to remedy this situation, this is not a good position to be in. The Solid Waste enterprise fund, on the other hand, is in strong financial shape. Commissioner Scurlock felt something needs to be said about this situation. He did not believe we have clearly communicated to the public the extremely difficult situation we were faced with by being more or less forced to purchase sewer systems which were in dire straits and trying to improve them, which has necessitated raising the rates significantly. He pointed out that the previous owners of these systems were operating at a loss. Commissioner Wodtke agreed that hundreds of people from different areas have shown up at the Commission meetings 14