The county's auditor Pete Blair told the commissioners on Monday that in general the county's finances were in good shape at the end of 2012, and that the county's overall financial positions had improved over 2011.
"The county is in a better financial position at the end of 2012 than it was in 2011," Blair said.
Elements of the county's financial picture that Blair reported as contributing to that assessment included the following:
• The county's net position (on an accrual accounting basis) was $1.6 million better at the end of 2012 than at the end of 2011, Blair said.
• The county has no debt, other than accrued vacation leave for employees. Blair called that "remarkable," adding it is unique among the five county governments his firm audits. The county has historically maintained a low/no debt financial strategy
• Balances in the road fund and the general fund both increased substantially at the end of 2012. The general fund was up by $600,000 over 2011. The road and bridge fund balance rose from $4.8 million to $7 million over the same period, Blair said.
• County reserves in cash and investments were $18.9 million at the end of the 2012.
•The county financial results in 2012 compared with the 2012 budget adopted at the beginning of that year showed the county received $117,000 more in sales tax receipts than budgeted; $600,000 more in federal mineral leasing payments than budgeted; and, $106,000 more in state severance tax receipts than the 2012 budget had predicted. Those positive results are credited in part to the county's "conservative" budget approach; money that might not be received during the year is not included in the budget at the beginning of the year.
• The county administration was proactive four years ago seeing the financial downturn that is occurring now, and acted then to deal with the issues of declining revenues in some areas.blog comments powered by Disqus