2015 Budget does not plan any funds for the settlement of any of the three collective bargaining agreements. If so, it is not clearly identified. Should a settlement occur in 2015, more funds may be needed from the fund balance to cover this expense.
The structural deficit of $4.875 million significantly drains fund balance (nearly 20%) to a dangerously low level of 5% of the budget minimum threshold. Any further unexpected expenses or revenue shortfalls will further strain a very weak fund balance, and put the county’s good bond rating at risk.