WOODVILLE – During Monday morning’s meeting of the Tyler County Commissioners Court, the county received a clean bill of financial health for its previous fiscal year.
A summary of the audit results was presented to the officials on Monday. Stephanie Harris, a partner in the firm Crowe Auditors, spoke about the results.
“I’m very pleased to say we are issuing an unmodified opinion,” Harris began. The unmodified opinion on an audit represents the highest level of assurance gleaned from the auditing process for an entity; that all financial statements are free from any misstatements and comply with accounting standards.
In her highlights of the report, Harris reported that the county saw an overall increase in its general fund balance for the previous fiscal year of $1.9 million.
The county’s revenues amounted to just over $25.4 million, an increase from the previous year’s revenues, she said, attributable to a rise in taxes and from capital grant acquisitions.
Expenditures came in at $24.6 million, with $7.7 in capital outlay.
Harris said that overall, with an entity, an unassigned fund balance of less than 25% typically represents a healthy financial picture. For Tyler County, that figure was 55% of its unassigned fund balance, and a total fund balance of 77%.
Expenditures came in at $24.6 million, with $7.7 in capital outlay.
Harris said that overall, with an entity, an unassigned fund balance of less than 25% typically represents a healthy financial picture. For Tyler County, that figure was 55% of its unassigned fund balance, and a total fund balance of 77%.
Other Business
During Monday morning’s meeting, the commissioners also approved the following items of business on the agenda:
County Judge Milton Powers said the event was a big success, with a great turnout, and he thanked everyone who participated.
