EBENSBURG - Cambria County ended up in the black again in 2009, the fifth time in six years, the commissioners said Wednesday.
Cambria had a cash surplus of $116,267 last year in the general fund, according to the annual audit that was just completed by Wessel & Co., a Johnstown accounting firm.
In addition, the audit revealed that Cambria County has a $6.1 million unreserved fund balance – a turnaround from 2003, when there was a $5.6 million negative fund balance, it was reported.
"That fund balance is not cash, but an accounting mechanism to reflect financial stability," President Commissioner P. J. Stevens said. "It demonstrates the financial health of the county" after all the books have been reviewed.
The fund takes into consideration such things as cash receivables – money not yet received – and payables - bills to be paid by the county, said Mike Gelles, chief clerk and finance dire...
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