County issues its first quarterly financial report
Douglas County issued its first quarterly report Thursday which includes national, state and local economic indicators, strategic planning and priority-based budgeting updates.
County Manager Steve Mokrohisky said the report would be continually reviewed and updated to include information for policymakers, taxpayers and employees.
“Our current finances are positive and within budget expectations,” Mokrohisky said. “We continue to create long-term financial stability and focus on solutions to our challenges through strategic planning and priority-based budgeting. The new quarterly report bolsters our open and transparent reporting to the public and decision makers.”
Prepared by the county manager’s office and the finance department, the report covers activity for the quarter ended March 31.
“Economic indicators reflect a positive, but slow improvement in the national, state and local economies,” he said.
Mokrohisky said the report reflects the county’s commitment to leadership.
“We’re trying to see what others are doing, we learn from that. But, at the same time, we are trying to lead,” he said.
According to Mokrohisky, Douglas County is the first county in the nation to implement priority-based budgeting.
“The goal of priority-based budgeting is to ensure investment of taxpayer resources in priorities established by the board and the public,” he said. “This process has included citizen engagement through the online budget challenge. The results created a catalyst to redirect funding to maintain road infrastructure in next year’s budget, and in other cost savings and efficiencies.”
The report is available online at the Douglas County home page.
“We want the public to know about the information, and I really hope the public finds value in the report,” he said.
The report offers a detailed look at the general fund, room tax and road operating funds as well as actual revenues and expenses versus the budget in all county funds.
“I’m really happy you did this,” said Commissioner Barry Penzel. “It helps us flag something we might need to look into or understand a little better.”