HUMBOLDT COUNTY- A five-year financial forecast of Humboldt County’s major funds show the county will have to make changes to avoid a negative general fund balance.
On Tuesday the Board of Supervisors met with county administrative to address one of their quarterly budget reports. Starting last year the five-year financial report was developed and included information on revenues and expenditures for the county’s funds. The report shows the general fund is not as good as it was a year ago because of costs not included in the previous forecast. The costs show a 2% raise for county employees, increases in health insurance, and retirement compensation costs.
Supervisors will set parameters for the upcoming financial forecast at their mid-year budget review. No permanent cuts have been announced but county officials say a $2 million reduction over the next five years could align the budget.