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 … [Full Story]