Page 78
In 2021, the County signed on an Opioid settlement with the state of Pennsylvania where the County will receive funding for various opioid remediation uses. The County received payments in 2025, totaling $234,098, and will receive annual payments over the next 15 years.
In 2022, the County signed on an Opioid settlement with the state of Pennsylvania where the County will receive funding for various opioid remediation uses. The County received payments in 2025, totaling $284,924 and will receive annual payments over the next 14 years.
The following major fund had an excess of actual expenditures over budget for the year ended December 31, 2025.
| Appropriations | Expenditures | Percent of Excess Expenditures Over Appropriations |
|---|
| Children & Youth | $ 10,536,744 | $ 11,343,591 | 7.66% |
The excess expenditures over appropriations in the Children and Youth Fund was funded by greater than anticipated revenues and transfers in.
The County has entered into various software contracts that meet the criteria as a subscription based IT arrangement under GASB 96. The contracts vary from monthly payments to yearly, with payments ranging from $696 to $119,131. Interest rates were not readily available, so an incremental borrowing rate of 4% was used for all contracts. The subscription assets have useful lives varying from 1 years to 4 years and an initial asset value of $2,522,617. At December 31, 2025 accumulated amortization for the subscription assets was $1,575,378. The initial liability was $1,208,955 and the outstanding liability at December 31, 2025 was $810,218.
The future principal and interest payments as of December 31, 2025 were as follows:
| Year Ended
December 31: | Principal | Interest | Total |
|---|
| 2026 | $ 552,484 | $ 23,122 | $ 575,606 |
| 2027 | 225,203 | 5,980 | 231,183 |
| 2028 | 32,531 | 278 | 32,809 |
| $ 810,218 | $ 29,380 | $ 839,598 |