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Good news for Eddy County

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ARTESIA – The Eddy County Board of Commissioners held a special meeting on Friday July 31.

In a statement issued to the Daily Press, Commissioner Royce Pearson said, “Essentially after closing the books on fiscal year 2014/2015, we have good news. Revenue was $3,100,000 more than expected and expenditures were $1,400,000 less than budgeted, thus creating a $4,500,000 surplus.

Monies taken out of needed capital outlay has been added back in for ECSO vehicles, ECDC projects, roads, fire service, information technology and capital improvement funds.

We passed a $67,000,000 balanced budget for Eddy County. We are required to keep threetwelfths in general fund and one-twelfth for roads.

We begin fiscal year 2015-2016 with an unencumbered cash balance of $14,000,000. Great report for Eddy County.”

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