County balances budget with wind farm money, capital funds

DIXON – Lee County plans to balance a projected $1 million budget deficit with wind farm revenue and capital funds.The county is bringing in about $500,000 in one-time money from wind farm zoning fees, and plans to transfer about $560,000 from the capital project fund, which the county has used for years to help offset red ink in the budget.
The County Board put its fiscal year 2020 budget on file this week and will vote to approve it next month. Its general fund is estimated to bring in about $10.75 million in revenue and $10.73 million in expenses.Finance Committee Chairman Bob Olson said they’re basically using the capital fund as a savings account to balance the budget, and the main problem comes from decreased revenue from the landfill.

Spotlight

As your restaurant or franchise navigates current challenges, you start finding that your old accounting system which worked fine in the past starts holding you back. Manual processes and lack of visibility into your locations as well as across the entire business hinders strategic decisions. Viewing COGS in this way can indicat


Other News

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Spotlight

As your restaurant or franchise navigates current challenges, you start finding that your old accounting system which worked fine in the past starts holding you back. Manual processes and lack of visibility into your locations as well as across the entire business hinders strategic decisions. Viewing COGS in this way can indicat

Resources