Tuesday, April 26, 2011

County Finances Analyzed

Allegheny County Controller Mark Patrick Flaherty released the 2010 County Financial Plan on Tuesday. The plan details the county;s financial condition for the year ending on December 31, 2010 and has financial predictions for 2011.

The report says the county's operating fund expenditures grew by 15 million last year mostly due to debt service, personnel costs and more money to subsidize child welfare services. He said he had a three part plan for correcting the county's budget problems 1- Being more realistic in making revenue projections 2- expenditures should match actual revenues and 3- cost controls have to be strictly enforced throughout the year to keep expenses in line with the approved budget.

Flaherty, who is running for county executive says county officials have been mortgaging the future by using capital funds and one-time revenue sources to pay for current expenses.

He says the county has been using capital reimbursements to pay for items and that it is not a sustainable way to make ends meet.

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