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Camden County receives clean audit; board ratifies $5 million tax anticipation note after public concern
Summary
Auditors issued an unmodified opinion on Camden County’s 2024 financial statements and the board ratified a $5 million tax anticipation note (TAN). County officials said the TAN is a short-term measure tied to delayed tax bills and staff expects repayment by March 31, 2025.
Auditors told the Camden County Board of Commissioners they issued an unmodified (clean) opinion on the county’s 2024 financial statements, and the board ratified a $5 million tax anticipation note (TAN) intended to cover temporary cash shortfalls caused by delayed tax bills.
Trey Scott, the partner who oversaw the audit from Malden & Jenkins’ Savannah office, reported a clean opinion and no audit findings, including under the single-audit requirements for federal grant spending. Scott said the county’s government‑wide net position was about $141 million and increased roughly $2.8 million in the fiscal year ending June 30, 2024. He also said…
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