Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Finance topic
No spam. Unsubscribe anytime.
Treasurer reports unmodified audit opinion, FEMA reimbursement progress and strong hospitality receipts
Summary
Greenwood County Treasurer Stephanie Dorn presented the first quarterly financial report of the fiscal year, noting an unmodified audit opinion, a delayed single-audit now posted with no federal findings, ongoing FEMA reimbursement work (one project ~ $300,000 pending), and hospitality- and sales-tax receipts outpacing last year.
County Treasurer Stephanie Dorn presented Greenwood County’s first quarterly financial report on Dec. 16, highlighting an unmodified annual audit opinion and updates on federal reimbursements, tax-sale results and revenue performance.
Dorn said the county’s annual financial audit again resulted in an unmodified opinion and that the related single-audit (federal awards) was delayed when OMB’s compliance supplement was not issued during the federal government shutdown; the single-audit has since been posted on the county treasurer’s website and contains no material weaknesses or findings related to federal awards. Dorn said work on FEMA reimbursements is ongoing; one project valued just over $300,000 had completed state and FEMA approvals and was pending award.
On revenues, Dorn said the general fund had collected about 18% of budgeted revenues to date and that property-tax receipts were at roughly 10% of budget — pacing officials expect at this point in the fiscal year. Expenditures and issued purchase orders were about 42% of budget at five months. She also reported hospitality (prepared-food and accommodations) collections through November were stronger than the prior year — prepared-food collections nearly 16% higher year-over-year for the five-month period — and noted that capital-project sales-tax receipts included a first full quarterly payment of roughly $3.4 million.
Dorn said the county had completed a recent property-tax sale: 98 real-property parcels sold and seven did not, and 18 mobile homes sold with two not sold; unsold properties are now under the forfeited land commission.
