Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Reserves topic
No spam. Unsubscribe anytime.
Board discusses reserves, timing of reimbursements and options to smooth capital costs
Summary
During the final budget hearing, staff and commissioners discussed the county's reserve calculation, timing of FEMA and election reimbursements, and options such as bonding capital projects to spread costs over time.
County staff walked through the reserve calculation and the specific line items that feed the reserve percentage used in policy discussions. Albert Bertram explained the net expenses figure "that's used to calculate the percentages" is $177,377,223 and the final reserve number on the handout is $38,566,459, representing 21.74% of net expenses; he showed the arithmetic required to reach 22% and 25% targets.
Commissioners and staff discussed revenues expected after adoption — including FEMA reimbursements and special‑election returns — that normally arrive in October/November and historically push the reserve ratio higher by the end of the year. Board members also debated capital financing options, with some urging bonding to smooth year‑to‑year spikes in cash outlays and others warning about incurring additional long‑term debt.
