The Delta County Commissioners got a good report on county finances from auditor Pete Blair who delivered his 2011 audit report at a recent meeting.
According to the audit report Blair delivered orally to the commissioners on Sept. 17, the county's assets exceed its liabilities by $154 million, mostly in roads and other infrastructure.
Other highlights of the report were that the county has $13.2 million in available cash reserves, $2.4 million of which is restricted for particular uses.
The county's general financial picture is greatly improved because it carries no debt.
Blair was highly complimentary of the county finance department and of Margaret Davey and Sandy Cross who keep track of county finances and documentation needed for the annual audit. County treasurer Jim Ventrello was also singled out by Blair for exceptional work handling county funds.
In a separate item at the commissioners' meeting, they discussed the issue of possibly divesting ownership of oil and gas mineral rights underlying 33 parcels that have other surface ownership.
Two individuals recently contacted the county wanting to purchase the county's oil and gas rights underlying their private surface ownership.
County attorney Christine Knight told the commissioners that to divest any of the rights requires a public sale, according to state statute.blog comments powered by Disqus