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Montco 2013 Budget presentation

Montco 2013 Budget presentation

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Published by The Mercury
The presentation of the 2013 budget proposal for Montgomery County, Pa.
The presentation of the 2013 budget proposal for Montgomery County, Pa.

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Published by: The Mercury on Nov 16, 2012
Copyright:Attribution Non-commercial

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12/04/2012

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November 15, 2012
 
The 2013 Budget for Montgomery Countyassumes $411.3 million in expenditures and$413.8 million in revenues.
The 2013 Budget also reserves $2.5 million tobegin to replenish the County’s Fund Balance.
this reserve represents 12.5 percent of the $20 millionrequired to restore the Fund Balance to recommendedlevels.
The Budget assumes no increase in the CountyReal Estate tax rate for 2013.
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The 2012 Budget inherited by the current Boardof Commissioners included a nearly $10 millionbudget gap due to:
a $7 million discrepancy between the expenditure levelscontained in the Adopted Budget ($417 million)and theexpenditure levels contained in the County’s fiscalmanagement system ($424 million)
approximately $3 million of underestimatedexpenditures including costs associated with the newCorrections’ facility; support for newly elected judges;undercounting outside legal fees; and, disregardinganticipated costs for the District Attorney.
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