Audit finds $3.7 million surplus in Harford Co.

October 23, 1996|BY A SUN STAFF WRITER

An independent audit of Harford County Government shows the county in the black, with a surplus of $3.7 million at the end of fiscal year 1996.

County Executive Eileen M. Rehrmann said the surplus, available to be rolled over into next year's budget, is the result of conservative planning.

Among its other findings, the audit says the county has $10.1 million in a "rainy day" fund for emergencies and to protect Harford's AA bond rating, and $12.4 million earmarked for projects in next year's budget.

Pub Date: 10/23/96

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