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Audit: Montgomery County’s financial health sliding

Poor budgeting, overuse of reserves cited

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Montgomery County financial reserves dwindled by nearly $8 million over the past three years because of a string of poorly drafted budgets, according to an audit by the state Comptroller’s Office. The audit report, released Friday, claims the county Board of Supervisors has long relied too heavily on the fund balance — essentially the county’s savings. In 2010, the fund balance was reported as more than $19 million. At the beginning of this year only ...

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