Audit shows county finances in good shape

She said that starting in July 2023, the Public Employees’ Retirement System of Nevada rates “go up quite significantly.” The rate will be 33.5%, compared with the current 29.75%, for the county’s contribution for regular employees.

Police and firefighter contributions go from 44% to 50% for PERS, which is the pension fund for government employees in Nevada.

The balance carrying over for the general fund into the current fiscal year was at 50% of expenditures, which Gage said “really improved” from past years. The state recommendation is an 8.3% ending fund balance.

The general fund balance for 2021-2022 was $16.7 million, and general fund expenditures totaled $33.4 million, revenues, $37.5 million. There was a beginning fund balance of $12.6 million for the fiscal year.

Commissioner Delmo Andreozzi said he remembered that “not that long…