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Whitfield County accepts December 2020 financial statement showing revenues above projections
Summary
Finance Director James Garvin presented December 2020 financials showing higher-than-expected collections and revenues; the board approved the statement 3-0. Notable figures included $1,147,370 collected in December and YTD revenues of $52,517,486, 6% above projections.
The Whitfield County Board of Commissioners approved the December 2020 financial statement at its Feb. 8 meeting after a presentation by Finance Director James Garvin.
Key figures recorded in the minutes: December 2020 collections totaled $1,147,370 versus budgeted collections of $925,000 (24% higher). Year-to-date collections for December were $12,153,696, 9% higher than the same period in 2019. Title Ad Valorem Tax (TAVT) collections for December were $367,109, 21.5% greater than November. YTD actual revenues were $52,517,486 compared with projected revenues of $49,620,812, a difference of $2,896,674 (6%). YTD actual expenditures were $47,529,722, $1,404,263 (3%) under projected expenditures of $48,933,985. The board recorded the countys LOST percentage for 2020 at 61.556%, scheduled to adjust to 60.457% in 2021.
Commissioner Barry W. Robbins moved to approve the financial statement; Commissioner Robby Staten seconded and the board approved the motion 3-0 (Jones, Staten, Robbins recorded in agreement). The minutes do not list subsequent budget amendments beyond noting upcoming quarterly amendments.
