County sees revenue, reserve increases in FY2022
SHERIDAN — Sheridan County’s reserves are projected to nearly double in Fiscal Year 2022, according to a county budget approved Tuesday morning.
In FY2021, the county’s reserves were budgeted at $6.82 million. In the FY2022 budget, which was approved by the Sheridan County Commission Tuesday morning, the county budgeted for $12.58 million in reserves.
County Administrative Director Renee Obermueller said the county under-budgeted for revenues in FY2021, expecting a loss of revenue due to the COVID-19 pandemic. Instead, last year’s revenues — including COVID-19 relief funding — were above average, and those excess dollars went straight into reserves.
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