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Clark County wont need to tap its reserves

first_imgAfter some austere years for Clark County, commissioners got good news Wednesday upon learning they won’t need to dip into county reserves to shore up the 2011-12 general fund budget.The original plan, to pull around $400,000 from reserves, won’t come to pass because revenues are $1.5 million greater than expected and expenses are $4.5 million under budget. It means the county won’t touch the reserve fund, which has only recently been restored to solid footing.The county budget office briefed Clark County commissioners on the matter during a Wednesday morning work session. Budget office analyst Adriana Prata said the county has used reserves “since 2008, when (the budget) was at its lowest.” She told them the economy was improving, albeit slowly.The two-year budget, which ends Dec. 31, included a general fund expecting $285.2 million in expenditures and $284.8 million in revenues.What changed over the past two years are one-time sources of additional revenue from a variety of sources, including state-level disbursement of unpaid funds, land sales and a tax amnesty program which forgave delinquent ratepayers for coming good on their bills.The county also found savings through staffing turnover, which occurs during hiring periods when salaries and benefits aren’t being paid out.But the county didn’t just stumble into this situation.“The only way we got there was through the cuts and the tight control from years past,” said budget director Jim Dickman. “This wasn’t just luck.”last_img read more