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Whitfield County accepts 2023 audit, approves June financials showing modest revenue gains
Summary
The Board approved June financial statements showing LOST and TAVT year-to-date increases and unanimously accepted the county's 2023 audit from Mauldin & Jenkins; fund balance reported at $26.05 million.
Whitfield County commissioners on Aug. 12 unanimously approved the county's June 2024 financial statements and accepted the 2023 audit presentation from Mauldin & Jenkins.
Chief Financial Officer Debbie Godfrey told the Board that June Local Option Sales Tax (LOST) collections were $1,289,408, 1.02% above the budgeted $1,276,363 and 2.2% higher than May's $1,261,590. Year-to-date LOST collections stood at $7,610,641, 5.73% higher than the same period last year. Title Ad Valorem Tax (TAVT) receipts in June were $459,583, down 8.36% from May, but YTD TAVT of $2,936,180 was 4.91% ahead of last year. YTD actual revenues were $20,997,376 compared with projected revenues of $20,637,281; YTD expenditures exceeded projections by 2.21%. The June 30 ending fund balance was reported as $26,048,146.
Auditor James Bense of Mauldin & Jenkins briefed the Board on the Annual Comprehensive Financial Report, audit scope, required footnotes and compliance reports and answered procedural questions. Chairman Jevin Jensen said the audit documents will be posted on the county website for public review.
Commissioner Robbins moved to accept the audit; Commissioner Jones seconded and the Board approved both the audit acceptance and the June financial statements on unanimous 4-0 votes. The acceptance does not change ongoing departmental budgets; it is the Board's routine review and acceptance of the independent audit and the monthly financial report.
The Board did not take any contingent budget actions during the meeting. Next routine financial reporting will follow the county's normal monthly cadence.
