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The Logan County Board of Developmental Disabilities Board’s five-year fiscal forecast projects that the DD Board will remain in the black through 2022, members learned at a recent meeting.
Superintendent Saul Bauer reviewed the 2018 budget which projects a four percent drop in revenue largely because of the loss of tangible personal property tax revenue and a 22 percent increase in expenditures largely because of capital expenses resulting from the Discovery Center repairs and other needs.
In introductory discussions, over-all expenses for 2017 are projected to be $270,761 lower than 2016 actuals and the over-all revenues for 2017 are projected to be $386,032 less than 2016 actuals.
It was noted that the variances from 2016 to 2017 are largely because of the transition of RTC industries.
This article has been reproduced for educational purposes only and appeared in the Bellefontaine Examiner. The original story can be found at: http://www.examiner.org/news/89570-dd-board-deals-with-budget-reviews
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