Adjustments Made to 2012 County Budget
Washtenaw County commissioners authorized a $1,263,994 mid-year adjustment to its 2012 general fund budget, in a unanimous vote taken at the board’s Aug. 1, 2012 meeting. The final vote followed a second-quarter financial update from the county administration. It brings the 2012 general fund budget to $101,162,770.
The adjustment includes equal increases in revenues and expenditures. The additional revenues come from higher-than-projected property tax revenues of $2,417,690. The main increase in expenditures comes from an increase in personnel costs over the budgeted amount for 2012. The original budget had anticipated labor savings of $2,481,008 – but the bulk of those reductions have not yet materialized. The county did realize more than $1 million in reduced labor costs due to 118 retirements in 2011. However, that savings has been offset by increased part-time temporary costs and increased fringe benefits costs related to medical claims made during the last six months of 2011, which are being paid in 2012.
This brief was filed from the boardroom of the county administration building at 220 N. Main in Ann Arbor. A more detailed report will follow: [link]