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Nueces County projects year-end fund balance above reserve target
Summary
Nueces County staff told commissioners on Aug. 4 that tighter spending and stronger-than-expected collections put the county on track to end the fiscal year with an estimated general-fund balance of $20,211,436, about 26% of revenues—above the county—s 25% target.
Presiding Official opened a budget workshop on Aug. 4, 2014, and county staff presented estimated actuals that show the general fund ending the fiscal year with an estimated balance of $20,211,436, roughly 26% of revenues and transfers, above the county—s 25% reserve goal.
The projected ending balance results from higher-than-budgeted collections and lower spending across many departments, staff said. "We believe this to be a very good budget," the Presiding Official told those attending, thanking elected and appointed…
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