CANTON — Cherokee County’s balances, apart from its account for the native penny gross sales tax, ended the 2020 fiscal 12 months increased than they have been a 12 months earlier than, a latest audit exhibits.
Based on an audit offered to the county board of commissioners Tuesday, Cherokee County noticed revenues in its basic fund of simply over $109 million for fiscal 12 months 2020, up from $97 million in fiscal 12 months 2019. In the meantime, expenditures have been simply over $93 million, up from $87 million the 12 months earlier than. The county’s fiscal 12 months runs from Oct. 1 to Sept. 30.
Regardless of transfers of roughly $7 million out of the overall fund to different funds, akin to senior providers, the parks fund and EMS to assist cowl their working bills, the county’s basic fund stability grew throughout fiscal 12 months 2020 from $36.2 million to almost $45.4 million. Equally, the hearth district fund noticed a rise from $6.6 million to $10 million.
The one fund to see a lower in its ending stability was the Particular Objective Native Possibility Gross sales Tax fund, which dropped from just below $57 million to $38.6 million. Auditor Tammy Galvis of Nichols, Cauley and Associates stated the lower could possibly be attributed primarily to the jail growth challenge.
Of the $225 million in complete income throughout all funds the county obtained, a mixed 68% of this income got here from property taxes (47%) and gross sales taxes (21%). On the similar time, the one greatest expense merchandise was public security, making up 40% of the county’s complete expenditures, Galvis stated.
Auditors advised the commissioners Tuesday that the county’s fiscal 12 months 2020 numbers have been clear and with out points.
“We did situation a clear or unmodified opinion, so we’re happy to report that to you in the present day,” Galvis stated. “We’re required to speak in confidence to you if we had any important changes throughout the audit, and there have been none, so we’re happy to report that as properly.”
Because of the clear audit, Galvis stated she believed the county would as soon as once more obtain a certificates of accomplishment from the Authorities Monetary Officers Affiliation.