Union County receives clean 2019 financial audit

News
2019 financial audit

BLAIRSVILLE, Ga – Union County received an unmodified opinion on its 2019 financial audit and reported that annual revenues were up by five percent.

Clay Pilgrim from Rushton and Company presented the 2019 findings during the July Union Commission meeting. Nothing cam to his attention to cause concern about the financial health of the county.

Rushton and Company did recommend a 2019 budget adjustment from $17,040,000 to $18,405,000. Later in the meeting, Commissioner Lamar Paris approved the adjustment through a resolution.

“I want to thank the commissioner, Laura and her finance team, all the department heads, and elected officials here in the county. They made this audit process go smoothly,” Pilgrim stated.

The net position for county increased $1,617,139 because of the increases in property taxes and sales taxes and decreases in expenses.

Net investment in capital assets, such as buildings, land, and equipment, was $42,709,452. The restricted net position was $6,286,113, which included SPLOST funds yet to be spent. Unrestricted net position was $2,917,324. The total net position came to $51,912,889.

Net position comparing the 2019 financial audit to the previous years.

In the general fund, or operating fund, revenues increased $842,998 or five percent and expenditures decreased $396,136 or 2.3 percent.

Revenue Increases

  • Property taxes – $525,314
  • LOST – $379,983
  • Insurance premium taxes – $95,816
  • Building permits – $94,477

Intergovernmental revenues decreased by $188,080. Several areas experienced expenditure reductions as well for various reasons. Risk management dropped because insurance claims were down for the year. Sheriff and jail went up in personal services but decreased in capital outlay or purchases of assets. SRO dropped because the Board of Education created an internal police force.

Expenditures Reductions

  • General administration – $107,003
  • Risk management – $106,227
  • Sheriff and jail operations – $141,627
  • SRO – $112,481
  • Health department – $167,1555

Breakdown of the 2019 general fund.

Highway and road department increased $203,984 in 2019 because of personal services such as salary increases and asset purchases.

The unassigned fund balance for 2019 was $1,805,929. These funds have no set classification and could technically be used for any purpose.

Union spent funds from three separate SPLOSTS in 2019 – 2009, 2015, and 2021 SPLOST. The 2009 SPLOST closed out.

Leave a comment

Back to Top

Do NOT follow this link or you will be banned from the site!