The budget process begins in January. The Board reviews budget details at July work sessions, which the public is encouraged to attend. After changes and amendments, the budget is adopted at public hearings in September. The Lake County budget has 43 separate funds. A fund is a self-balancing set of accounts separated according to function or some legal restriction.
Typical accounts are salaries, office supplies, machinery and equipment.
The other 42 funds receive monies set aside for specific functions. The School System is a separate taxing entity, and levies a separate property tax rate to fund school operations. This, along with other local, state and federal dollars, provides General Fund funding. In Lake County, each gallon is taxed a total of 43 . Goes to General Fund operations.