Freestone County's financial health took center stage during the recent government meeting, with officials revealing a positive outlook in their annual financial report. The county's net position for the year ending September 30, 2024, stands at an impressive $19,763,982, marking a significant increase of nearly $4.2 million from the previous year.

The report highlighted that the county's financial statements are presented using the full accrual method of accounting, which accounts for capital assets and long-term debt. At the end of the fiscal year, the county reported total cash investments of $18.3 million and capital assets valued at $28.5 million, net of depreciation.

Key developments included capital asset additions totaling approximately $1.8 million, spread across vehicles, machinery, equipment, software, and building improvements. However, the county also faced some disposals in these areas. Notably, the county made principal payments on debt amounting to $141,000 while also adding new lease agreements totaling $339,000.

The general fund, which is crucial for day-to-day operations, ended the year with a fund balance of $12.3 million, reflecting an increase of $101,000. This growth was attributed to higher-than-expected revenues, particularly from interest income, and lower expenditures, which were about $1 million less than budgeted.

In terms of road and bridge funds, precincts reported varying balances, with increases noted across all precincts. Precinct 1 saw a notable rise in revenues due to higher interest income, while other precincts faced challenges with lower property taxes and intergovernmental revenues.

Overall, the meeting underscored Freestone County's robust financial position, setting a positive tone for future budgeting and planning efforts. As officials prepare for the upcoming budget cycle, the focus will remain on maintaining fiscal responsibility while addressing community needs.