Prior to the start of the official business at Tuesday's Putnam County Council meeting, president Darrell Thomas addressed the concerns of county officials and employees who had been told recently of a possible major budget shortfall.
"You were all alerted on Friday that we had potential for a financial crisis, that we might be $300,000 short in our budget," Thomas said. "In the meantime, today, we got answers from people in Indianapolis."
Those answers came in the assurance by the state that the funds were not gone. They were just in a different fund.
While the county general fund was advertised at $6.8 million for 2013, when the budget finally came in from the state this month, the figure was $6.5 million.
Through the hand wringing and double-checking that ensued, auditor Lorie Hallett eventually discovered the $212,000 was not gone, it was now in the separate County Adjusted Gross Income Tax (CAGIT) fund.
"So, yes, they cut the county general by $200-some-thousand, but the extra money is there in CAGIT," Hallett told the Banner Graphic.
CAGIT money had previously been figured as part of the general fund, but the state now treats it as a separate fund. While this change was communicated to former auditor Stephanie Campbell in 2012, the message was lost in the changeover to Hallett as auditor.
...
See the full article here:
http://www.bannergraphic.com/story/1973646.html
"You were all alerted on Friday that we had potential for a financial crisis, that we might be $300,000 short in our budget," Thomas said. "In the meantime, today, we got answers from people in Indianapolis."
Those answers came in the assurance by the state that the funds were not gone. They were just in a different fund.
While the county general fund was advertised at $6.8 million for 2013, when the budget finally came in from the state this month, the figure was $6.5 million.
Through the hand wringing and double-checking that ensued, auditor Lorie Hallett eventually discovered the $212,000 was not gone, it was now in the separate County Adjusted Gross Income Tax (CAGIT) fund.
"So, yes, they cut the county general by $200-some-thousand, but the extra money is there in CAGIT," Hallett told the Banner Graphic.
CAGIT money had previously been figured as part of the general fund, but the state now treats it as a separate fund. While this change was communicated to former auditor Stephanie Campbell in 2012, the message was lost in the changeover to Hallett as auditor.
...
See the full article here:
http://www.bannergraphic.com/story/1973646.html
