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Los Alamos County budget hearings got underway Monday night with a summary and report on the county’s financial outlook.
County Administrator Harry Burgess began the meeting with some recent news. The Government Finance Officers Associations of the United States and Canada (GFOA) has awarded the county the Distinguished Budget Presentation for the 22nd year in a row for its FY2013 budget. The county also received special recognition for its capital presentation in the budget from GFOA.
These awards are in addition to two awards announced in January, the GFOA’s Certificate of Achievement for Excellence in Financial Reporting (also 22 consecutive years) and an Audit Accountability Award from the New Mexico Association of Counties.
The county expects as much as a two percent increase in revenues in FY2015, approximated $1.3 million.
“Last year, when we adopted the FY2014 budget we were projecting a half million dollar deficit,” said Deputy County Administrator/Chief Financial Officer Steven Lynne. “So that’s a fairly good turnaround to go from a half million dollar deficit to $1.3 million surplus.”
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