With the fiscal year coming to a close, the County will be running on a continuing budget while the Cannon County Budget Committee finishes touching up the 2015-2016 budget in order to make a recommendation to the Cannon County Commission during their July meeting. It’s well known over the past few years, the County’s general fund balance has been getting smaller and smaller while revenues have shown a small increase but expenditures have also shown an increase as well. In the latest figures obtained Friday from the County Executive’s office, the County is expected to have a fund balance of only $116,588.00 heading into the new fiscal year. Take that figure add the estimated revenues that the new fiscal year is projected to bring in and subtract the expenditures which as of right now, the budget committee trimmed to only a $400,000 increase of which basically lies in Capital Outlay notes and Cannon County is estimated to have a fund balance in negative numbers $255,233.00 in the negative. The Budget Committee will meet tonight to continue going through the proposed budget and continuing to make final cuts. Tonight’s meeting will be at the Cannon County Courthouse at 5:00
