HomeMy WebLinkAbout2023 Year in Review2023 Year in Review2023
2023 A Few
Accomplishments
American Rescue Plan Act -ARPA
July 2021 through 2023, the County received $9,643,322 from US Dept of Treasury.
The Board of County Commissioners approved funding to
17 different community entities.
MULTI-MILLION DOLLAR PROJECT Hadlock Wastewater System broke ground.
Munis Human Resources / Payroll fully
implemented in 2023.
2022 Financial & Accountability Audit –NO FINDINGS
Sufficient Economic Sustainability –YE 2022
General Fund Cash Balance is reported as 111 days sufficiency.
All Governmental Funds show 235 days sufficiency.
Employees are receiving wage increases and other
benefits as union contracts are being ratified.
Currently UFCW & Sheriff Admin have been ratified.
PW Teamsters is due to be approved by the board
in February.
2023 Budget vs Actuals
GENERAL FUND
2023 Budget –General Fund
NET Budget Revenue & Expenditures
Original $1,457,793
Appropriations $1,473,644
Revised $2,931,437
Why is this important?
This shows the anticipated expenditures were more than expected revenues and fund
balance will be used to cover the additional expenditure budget.
General Fund –Actuals
2023 Beginning Balance $6,857,068
Revenues $28,024,724
Expenditures $26,116,171
Ending Fund Balance $8,765,621
Net Increase $1,908,553
Resulting in 2.2% in Fund Balance from the beginning of 2023 to the end
of the year. Investment Income played a large part in the net increase this
year.
OTHER FUNDS 104 -507
2023 Beginning Balance $42,668,921
Revenues $50,204,997
Expenditures $49,401,116
Revised Ending Fund Balance $43,472,802
Net Increase $803,881
OTHER FUNDS
NET Revenue & Expenditures
Original $5,870,216
Appropriations $3,290,287
Revised $9,160,503
IN CONCLUSION…
Appropriations increased the permission to spend but did not seriously impact fund
balances.
Overall fund balances remained steady as revenues performed better than
anticipated.
Fund performances have shown resilience and the ability to respond to challenges.
2023 Quick Look
Ahead
2024 AND BEYOND…
Increase Munis capabilities with additional modules:
Employee Self Service
Grants Administration
Contract Administration
Reporting
Budget Amendment for 2025
Staffing has increased from 305 to 330 FTEs for the budget year. Currently
open are only eight full-time positions and two part time positions plus three
corrections positions.