Bucks County Commissioners approved the removal of the behavioral health fund from the county’s operating budget in order to reduce the cash reserves the county must carry. Bucks County's current policy requires the county to maintain 10% of the total operating budget in reserve.
The behavioral health fund will now be counted as a line item outside of the operating budget. The action by the Commissioners' reduced the overall operating budget from $467 million to $392 million.
"Our fund policy needs to be geared towards our operating budget," stated Commissioner Chair Robert G. Loughery, "We're basically doubling our reserve on the behavioral health dollars and we already have better than 10% coverage on that to begin with."
On the $75 million behavioral health dollars, the funds carry $11 million in reserve and the county is carrying another $7 million. The $11 million in cash reserve is put aside to cover a possible reduction in funding or additional problems that may arise.
By adopting the financial adjustments, the county is reserving around 20% of the general fund revenue. The Government Finance Officers Association (GFOA) suggests using 17% of general fund for reserve, which puts the county above the suggested limit.
Bucks County adjusts operating budget
Published: Dec 05 2012 10:16:17 PM EST
Updated On: Dec 05 2012 10:42:56 PM EST
-
Copyright 2012 WFMZ. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Advertisement
- Maple syrup used to vandalize church
- New proposal waters down liquor privatization plan
- Magazine: MontCo one of healthiest counties for kids
- Attorney: Man coerced into confessing to killing woman, infant
- Spray paint vandals, car thieves hit Towamencin Township
- French man found in plane's cockpit ordered to leave US
- Pottstown hospital awards scholarships to area students
- King of Prussia touts surge in development along Route 202
- M. Night Shyamalan scouting TV show locations in Bucks Co
- No word on condition of skydiver involved in accident
- U.S. Open brings high parking prices, not big business
- Skydiver injured in Bucks County
- Police: Boy hurt after crashing into car while riding bike
- Concerned Gun Owners rally for gun rights
- Bikers for soldiers supports injured hero
- Fire department gifted $33K for new equipment
- Palisades principal retires after decades in same district
- National "Ride to Work Day" promotes motorcycle riding on June 17
- Spectators become shoppers at U.S. Open
- Chester County company recalls 165,000 baby recliners
- State police arrest Rose O'Brien of Upper Bucks Senior Center
- Law catches up with law library bookkeeper
- US Open play resumes Friday after rain delays
- Quakertown School Board approves final budget
- Valley Forge Casino provides free parking, shuttle to US Open
- Maple syrup used to vandalize church
- Attorney: Man coerced into confessing to killing woman, infant
- Spray paint vandals, car thieves hit Towamencin Township
- French man found in plane's cockpit ordered to leave US
- State police arrest Rose O'Brien of Upper Bucks Senior Center
- Law catches up with law library bookkeeper
- Drug plea delayed for Philadelphia abortion doctor
- Elected official arrested, accused of having child porn
- 2nd cousin to stand trial in homicide outside bar in Pottstown
- Police investigating hit-and-run in West Rockhill Township
- Woman's body found in Hatfield home; police say husband stabbed her
- Suspect ordered to stand trial in deadly home invasion
- Man guilty of murder in crash that killed 9-year-old girl
- Bodden guilty of murder in crash that killed 9-year-old
- Man punched woman while she was driving, police say
- 4th suspect charged in deadly home invasion
- Gosnell's wife sentenced in abortion case
- Ex-cop fatally shot by police after pointing gun at them
- 17-year-old stabbed to death on Montgomery County trail
- Man wanted for armed robbery in Hatfield Township

Comments