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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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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.
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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