The way County Administrator Phillip Smith-Hanes explains it, creating a cushion in the Ellis County budget for a rainy day is like leaving a little extra money in the family checkbook over and above normal expenses.
Without one, there’s no safety net.
If all goes well, no problem, Smith-Hanes explained Monday to The Hays Daily News.
If it doesn’t?
“Then we could be in a really difficult position, because we’re not carrying enough cash year to year to be at a comfort level,” he said.
That will change in 2019.
The Ellis County Commission on Monday evening at its regular meeting at the Ellis County Administrative Center, 718 Main, approved a recommendation by Smith-Hanes to build up a reserve of at least $2.925 million starting the coming year.
(Read more: News – The Hays Daily News)