The La Salle County Board is looking at spending down cash reserves in some of the county's accounts in 2020 to create more cash flow throughout the year.
La Salle County Finance Director Joyce Tucker said these reserves still will carry enough money to endure nine to 12 months of expenses.
Overall, the County Board approved last week a 2020 budget with $94.3 million in revenues and $91.3 million in expenditures. The county, however, will borrow $3.2 million from the public safety tax fund, meaning the budget is structurally about $250,000 in the red. Tucker said the budget was made with conservative figures, in order to create buffer should the county not receive as much in tax revenue or other areas.
Cash flow issues have been a concern with the county's finances for the past few years.
Along with spending down some reserves, Finance Committee Chairman Brian Dose said the county also has set aside roughly $5.8 million in its capital improvement plan to help with cash flow. This is money usually put into different areas of the budget, but it has been earmarked to better monitor when purchases of larger items within the county occur.
The budget assumes a 2% increase in payroll as several of its bargaining contracts are in negotiations.
Tucker has projected the budget for three years.
She said one goal is to reduce the $1.1 million in penalties the county pays for underfunding pensions by paying more upfront to reduce the obligation. Another goal is to be self-sufficient in its insurance fund within the next decade and not have to borrow money for it.
Go to lasallecounty.org/2020-budget to view the county's budget.
County Board approves new roof for detention home
The La Salle County Board agreed to pay J.L. Adler Roofing and Sheet Metal, of Joliet, $202,482 to replace the roof at the La Salle County Detention Home. The company was the lowest of eight bids.