Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Finance topic
No spam. Unsubscribe anytime.
Clerk and comptroller present new PAFR and inspector general rolls out FY2026 audit plan; Waste Management awards scholarships
Summary
The board reviewed the Clerk/Comptroller's Popular Annual Financial Report summarizing the county's $885 million budget and investment income, heard the Division of Inspector General's FY2026 audit plan, and accepted Waste Management's $50,000 scholarship donation to five students.
Clay County officials presented a condensed, reader-focused summary of the county's finances and outlined internal audit priorities at the May 26 commission meeting.
Assistant Finance Director Dylan Averett told commissioners the Popular Annual Financial Report (PAFR) was created to make governmental financial statements more accessible to the public. "The reason that we have the PAFR is because not a lot of citizens can read the financial statements," Averett said. The presentation highlighted the county's prior-year budget (roughly $885,000,000), $18,800,000 in investment income earned last year, and scheduled bond debt service of about $14,100,000 per year through 2039.
Commissioners asked for supplemental detail on the "miscellaneous" revenue line; Averett and staff said they would prepare a supplement showing examples such as one-time revenues, donations, auction proceeds and interest to make the breakdown easier to explain at town halls and community meetings.
Earlier in the agenda the Division of Inspector General described an aggressive FY2026 audit schedule the division expects to run through the fiscal year. The presenter said the office aims for each auditor to complete approximately one audit per quarter and that some projects will be run concurrently; state and federal grants may be scoped if time allows. "So our plan is to have each auditor complete 1 audit per quarter," the auditor said during the presentation.
The board also accepted a $50,000 scholarship gift from Waste Management to fund five postsecondary awards for Clay County high school seniors. Greg Huntington, a Waste Management senior account executive, said the company reviews merit-based criteria including GPA, class rank, service and essays, and that the $10,000 awards are meant to help defray college costs.
No budget adoption or changes were taken at the meeting; staff emphasized the PAFR is an informational summary available on the Clerk's website and that physical copies can be provided for outreach events.
