Lake County is Fiscally Sound
Over the last several years, like all local governments, Lake County experienced declines in revenues due to the economic downturn, as well as cuts in state funding. In response to the “new normal” of today's economic conditions, the County Board made smart decisions, applied sustainable strategies, and implemented sound investments. As a result, Lake County’s budget is balanced and we are fiscally stable.
The County Board allocates funding to more than 30 departments and divisions including eight departments run by independently elected officials.
Lake County has triple A crediting ratings, the highest awarded to governments, from Standard & Poor’s and Moody’s Investors Services. A diverse and growing economy, strong financial management, and a manageable debt burden are the hallmarks of triple A rated counties.
Who supports the finances of the County?
The Department of Finance and Administrative Services supports the county by providing financial support to departments, elected officials and the public. This includes assisting Lake County staff in purchasing products and services and providing fiscal and budgetary services. In addition to financial support, the department provides, enhances, and preserves the physical assets of the County, ensuring quality construction on major projects and supporting County departments, comprehensive document production, mail, and delivery services.
Divisions of the Department of Financial and Administrative Services include:
- Support Services
- Facility Operations
- Construction Management
- Financial System