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Financial Success

Conservative financial management continues to reap rewards. 2017 ended with a general fund cash balance in excess of $47 million and prepaid $4.7 million of the 2018 capital obligations. The current projection is to end 2018 with a cash balance of $50 million. We continue on the trajectory to eliminate all county debt by 2020 and defeased $2.3 million in bonds this year.

The Port Authority completed four projects in 2017, supporting over $100 million in private investment. As a result, the Port Authority projects an income stream of over $100,000 annually for the next ten years.

The Airport generated sufficient revenue to pay for operating costs and local share of capital improvements for the first time since it was acquired by the county.

The Mental Health and Addiction Recovery Services Board was seeking an increased levy millage. Discussions with the MARS staff and Prosecutor's staff resulted in a plan to implement the Opiate Business Plan while eliminating the need to go to the public seeking additional levy funding.

 

 



Carpenter for Commissioner Committee
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