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Auditors present Johnston County financial report; county staff preview 2024 results and fund balance outlook
Summary
An outside auditor reviewed Johnston County's fiscal 2023 audit and presented key numbers including high tax collection rates and rising debt. County financial staff updated the board through Dec. 31, projecting lower year-end fund-balance percentage and explaining reasons for reserves and recent tax-rate reductions.
An external auditor presented Johnston County's fiscal report and highlighted multiyear trends in fund balances, debt and enterprise fund performance. County finance staff later updated the board with preliminary results through Dec. 31.
The auditor said the county's general fund had a total fund balance of approximately $269,000,000 and noted collection percentages for property taxes of 99.92%. The auditor told the board that enterprise funds (water, wastewater, solid waste) showed positive operating results and that total debt outstanding had risen from about $415,000,000 in 2020 to about $667,000,000,…
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