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Audit finds no issues; county general fund rises to $9.3 million
Summary
Robinson Farmer Cox Associates reported no issues in the FY2019–2020 audit; the county general fund balance increased to about $9.3 million and tax collection exceeded 100 percent, while school net assets remain negative due to large pension liabilities.
Robinson Farmer Cox Associates presented the Lunenburg County FY2019–2020 annual audit at the Dec. 10 Board of Supervisors meeting and reported no issues or concerns.
Auditor Taylor Stover told the Board the General Fund balance was $9.3 million at year-end, about $600,000 higher than the prior fiscal year, and that the county’s tax collection rate exceeded 100 percent because of prior-year amounts paid. Stover noted the school system’s net assets are negative due to high pension liabilities, which he said is outside county control. He also said 2020 was a unique audit year because of the COVID-19 pandemic and the addition of CARES Act funds; he commended Administrator Gee and county staff for cooperation during the audit.
Supervisor Frank Bacon moved to accept the FY2019–2020 audit; the Board approved the motion on a roll-call vote (six yes, one absent).
