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Clay County budget brief: $779 million total; general fund about $89 million, reserves meet GFOA guidance
Summary
Assistant County Manager Troy Nagel told the Charter Review Commission the county's total budget is about $779 million with roughly $594 million in operating expenses after excluding reserves; ad valorem property taxes make up roughly 40% of revenue and public safety accounts for a large share of spending.
Troy Nagel, Clay County assistant county manager, told the Charter Review Commission that the county's total budget is about $779,000,000 and, after excluding reserves, the county is budgeting roughly $594,000,000 in expenses this year.
Nagel said the county has set aside 16.7% in general fund reserves, which he said meets Government Finance Officers Association (GFOA) guidance. "We set aside 16.7%, which is what's recommended under the, GFOA best practices. That's 2 months of reserves. So we have $22,000,000 in that reserve account," he said.
He outlined key revenue and spending details: ad valorem (property) taxes account for roughly 40% of county revenue; the county…
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