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Clallam County to draw down Opportunity Fund, other reserves as projects move to construction
Summary
County finance staff told the committee the 2025 budget anticipates significant reserve drawdowns — including up to $5 million from the Opportunity Fund — tied to infrastructure and affordable-housing projects that will be paid out as construction or invoicing occurs.
Clallam County finance staff told the Finance Committee that the county plans to draw down major reserves in 2025 to fund approved infrastructure and affordable-housing projects.
The Opportunity Fund is budgeted to use $5,000,000 of its reserves this year, the county said; staff expects roughly $3 million to $3.5 million will be disbursed in 2025 with the remainder spilling into 2026 as projects reach construction. Roads, housing and health-related special funds also show planned reserve reductions, staff said.
A county finance official said the committee approved several large projects late last year and the county is now preparing agreements that…
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