(WAUSEON-OH) The Board of Fulton County Commissioners formally adopted the County appropriations for the year 2016 during the Board’s regular business meeting on Tuesday, December 22, 2015. The approval is based upon projections of estimated revenue, carryover balance and anticipated expenditures in the coming year 2016.
The appropriation process is the second step in the County’s budgeting process and allows Elected Officials and Department Heads to proceed with their operational spending plans in the New Year. The first step was the adoption of the tax budget in July, 2015.
The following figures describe fiscal year 2016 appropriations for the general fund of Fulton County. Actual revenue will come in around 13.0 Million dollars.
Appropriations are set at $13,053,000.00 and reflect a slight increase. Actual expenditures for this year are forecasted to be $11,800,000 for fiscal year 2015. Carryover balance for the general fund is expected to be approximately $6,500,000.
“The Board has worked diligently to balance this budget within current revenue,” said County Administrator Vond T. Hall. “However, same as in years past, there is no foreseeable increase in revenue and certain expenses. Employee health insurance and the cost of jail bed space continue to outpace the rate of inflation.”
“The Board will continue to work with elected officials and department heads to find new and creative ways to reduce cost without decreasing the quality of services to our citizens,” said Hall. “Throughout 2016 we will challenge our management teams to consolidate certain county services while maximizing every tax dollar entrusted to us.”
Revenues are primarily derived from general property taxes, local sales taxes, and license and permit fees, as well as revenues received from the State. A significant part of General Fund revenues is used to maintain and operate the general government, however, a portion is also transferred to other funds principally to fund debt service requirements and capital projects. Expenditures include, among other things, those for general government, education, public safety, social services.
2016 Appropriations for ALL county funds, including the General Fund, is $52,139,335.53.