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Board approves FY2025 year-end budget amendment to allow auditors to finalize audit
Summary
Commissioners approved amendments to multiple county funds to reconcile FY2025 actual revenues and expenditures ahead of the auditors’ June 30 deadline; staff said the adjustments are a standard annual true-up and do not affect FY2027 planning.
The Henry County Board of Commissioners voted June 23 to amend the FY2025 budget so county financial records reflect actual revenues and expenditures and to permit auditors to finalize the FY25 audit before the Government Finance Officers Association deadline.
Financial services presenter told the board that OCGA section 36-81-3 requires maintained balanced budgets for governmental funds and that the year-end amendment is necessary to true up appropriations with actuals. “It is necessary to amend the adopted budget to reflect actual revenues and expenditures incurred during the fiscal year,” the presenter said.
Staff listed the funds to be amended, including the general fund, law library fund, neighborhood stabilization, confiscated assets, E-911, court fund, technology fund, juvenile assistance, multiple special service districts, Henry 1st, and debt service funds. Commissioners asked for the total impact across all funds; a participant added the line items and arrived at $30,598,015 in transfers when the sums were totaled on the spot.
Board members clarified that these are FY25 actuals that are being trued up for the audit, that the amendments are standard practice, and that they do not change the budget for future fiscal years. The motion to approve the FY2025 budget amendment was moved, seconded, and the chair announced the motion carries.
