NEW CITY – For the first time since 2006, Rockland County Government
has an unassigned positive fund balance in its general fund, County Executive
Edwin Day announced.
The county was in the black to the tune of $6.3 million. “While
that may not sound like a whole lot in a budget of almost $700 million
it is an extremely positive step,” Day said.
County Commissioner of Finance Stephen DeGroat said the county received
a clean unqualified opinion on its financial statements with no material
weaknesses present. “After many years of hard work, careful and
conservative budgeting and cash flow management, we have become a stronger
and more financially sound county that will benefit all of our residents.
In 2014, Day took office facing a $138 million deficit and with the support
of the county legislature, took out a $96 million deficit reduction bond.
The county must make an approximately $13.5 million payment on the bond
every year until 2023.
