Inyo County: Budget Analysis Presented by Amber Baumann.

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Presentation transcript:

Inyo County: Budget Analysis Presented by Amber Baumann

“The vision of Inyo County Government for its public is to provide responsive decision making while supporting cultural and historical values, the natural environment, and rural quality of life.”

2011/2012 Budget Message

Revenues and Expenditures Trend

Total Revenues

Aid from Other Governmental Agencies

Tax Revenues

Expenditures

Long Term Debt

Reserve Policy  General Fund Balances at the end of the fiscal year usually end up being somewhere between $300,000 and $400,000  Funds are then used to balance the next year’s budget  General Fund Balances are primarily attributed to salary savings, lower-than-anticipated expenditures, and achieving budgeted revenues

Geothermal Royalties- Coso Hot Springs Geothermal leases generated approximately 3.75 billion kilowatt hours of electricity in 2011, enough for 375,000 people U.S. Bureau of Land Management, 2012

Budget Analysis- GFOA  Excels in organization, inclusion of departmental line-item budgets, and overall financial reporting  Proficient financial summaries, capital and debt information  Needs work in outlining the financial structure and process, long range financial plans and strategies, as well as inclusion of statistical and supplemental county data