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Auditor: Harrison County fund balance $23.93 million; collections down compared with 2023
Summary
The county auditor presented unaudited November 2024 financials showing a fund balance of $23,931,778, year-over-year revenue declines and increased payments tied to communications and liability timing.
The county auditor told commissioners the November 2024 financials are unaudited and unadjusted and reported a fund balance of $23,931,778. "As of November 2024, we have a fund balance of $23,931,778," the auditor said, and noted two funds showed negative balances that will be corrected when grant revenue is recognized.
The auditor said the county collected $1,301,382 compared with $1,996,677 in the prior period, a decline of $695,295 driven in part by timing of property-tax collections and lower investment returns (about $200,000 down year-over-year). Expense increases—about $5.48 million issued in payments versus $3.84 million in the prior period—were driven by a communications payment and timing of liability payments to TAC. The auditor said December and January typically show higher collections.
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