County came out $2.5 million ahead last fiscal year
Blue Ridge Now - over 4 years
Henderson County was able to grow its reserves by $2.5 million in the last fiscal year, thanks to better-than-expected revenues and conservative budgeting by department heads, county commissioners heard Monday.
In a budget report card to the Board of Commissioners, Finance Director Carey McLelland said every county department came in under budget for the fiscal year that ended June 30, for a total savings of $5.2 million dollars in operating costs.
"Basically, we had about a 6.8 percent savings in the operational costs of county government," said County Manager Steve Wyatt.
On top of that, revenues in 2011-12 came in $2.2 million over budget, thanks in large part to $862,847 in unexpected sales tax growth.
Commissioners had appropriated $4.9 million from the county's fund balance for fiscal year 2011-12. On Monday, McLelland said the revenue gains, combined with operational savings, mean the county is expected to grow its general fund balance to $26.8 million, or 25 percent
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