2014 Budget Highlights:
The County Board has a strong track record of making smart budget decisions that consider the long-term fiscal impact. The Board saves for big capital projects and pay with cash, keeping our debt service low –less than 1%.
Employee headcount remains at historically low levels. This has been accomplished through efficiencies and holding positions where possible.
The County Board has wisely invested in infrastructure, including roads, buildings and technology.
This has allowed the county to operate more efficiently. For example, utility costs are down significantly due to enhancing equipment and facilities to be more energy efficient.
Lake County measures its performance across departments to explore ways to be more efficient. In the Planning and Building Department, for example, which is responsible for reviewing permits for construction and improvements and doing on-site inspections in the unincorporated area, cross-training employees has saved money by reducing staff time, thereby reducing cost and meanwhile, improving customer service.
Also, Lake County continues to focus on efficiencies through collaboration and shared services like joint purchasing with other government agencies.
Lake County continues to maintain AAA bond rating from both rating agencies. The AAA rating is based on several strengths, including strong budgetary performance, well-managed financial operations with strong financial policies and practices, healthy reserves and manageable debt.