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Barrow County’s reserves grow by $2.2 million in FY2011

Posted by

Mike Buffington

in County Government Archives, Top Stories & Breaking News

Wednesday, April 11. 2012

Comments (10)

Barrow County’s outside auditors have finished their work on the government’s FY2011 financial statements and the good news is now official. The county not only ended the year in the black, but its general reserve funds grew by $2.2 million to a total of $6.7 million.

But along with the good news, auditors were critical of the county’s system of finance, especially its internal controls. Auditors had to make a total of $1.2 million in audit adjustments due to problems found in the way the county had kept its books.

Though the financial news for FY2011 was better than expected, a single year of positive numbers does not demonstrate a solid turnaround in the county’s finances.

CFO Rose Kisaalita told the Barrow Journal on Tuesday night, for example, that several successive budgets have included no money for capital expenditures — a practice that will have to change as aging equipment and vehicles wear out.

Another large bill coming due both this year and next is the multi-million-dollar replacement of the countywide communications system in order to meet a federal mandate requiring public radio frequencies to be narrow banded by the start of 2013.

For the full story, see the April 11 issue of the Barrow Journal.

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#1 Anonymous on 04/11/12 at 11:18 AM [Reply]

Thank you Danny Yearwood. You da man!!! Lets show Ms Graham that you got what it takes.

#2 Anonymous on 04/11/12 at 01:02 PM [Reply]

Still a lawsuit pending that could cost the county that 6.7M

#3 theman on 04/11/12 at 04:58 PM [Reply]

What about the employees percentages they gave and never got back? With these surpluses surely they could give the employees the money!

#3.1 Anonymous on 04/11/12 at 05:40 PM [Reply]

The employes are still making too much. They need another pay cut and some more layoffs.

#3.1.1 No we dont, locally we are understaffed... on 04/11/12 at 05:54 PM [Reply]

I want to retain Quality Local Government employees, we dont need Unnecessary people on the payroll, but we need to keep good quality people to RUN our Government. That does Require decent pay and a certain number of employees. They are necessary, You would be the first person screaming if we cut services and people and now you have to WAIT in LONG LINES for your Tags, or EMS / Police to come, resolve a property tax issue or City/County services issue like Water Bills, etc.

We dont need a 15 crew with 2 guys with shovels and 13 supervisors like the TV crew caught the City of Atlanta doing under Bill Campbell, but WE Need Employees and it is easy to say during this economy because or your personal situation that "They need another pay cut and some more layoffs" but I call BS, you need to work on yourself I think.

#4 Intheno on 04/12/12 at 06:28 AM [Reply]

Does this lend any credibility to the office of the BOC and other members?

#5 Life Long on 04/12/12 at 08:31 AM [Reply]

I agree... top level employees and administrators with the government make too much money! There are many people out there who could do their job better and for less money! You've just got to extend an arm.

For instance, the athletic director at the high schools makes a ton! There are many people who could do his job and agree to take a lot less.

#6 Annie Omus on 04/12/12 at 01:54 PM [Reply]

Curious as to what type of audit adjustments had to be made. It's typical to have Year End adjustments but this article makes it sound as if the CFO is not scrutinizing the Month End reports and catching any discrepancies. Hope new Internal Controls are put in place.

#7 Great news! on 04/13/12 at 06:37 AM [Reply]

Great news!! They'll need some of that money to finance the fuel bill for the Sheriff's Office Humvee I see all over Barrow. With it's new (unapproved) paint job and 4 miles to the gallon diesel, we're all set when Iraq invades Barrow County. Obviously a NEED during these economic times. The ride may have been free, but the gas comes out of my pocket. Thanks again.

#8 who on 04/13/12 at 06:52 AM [Reply]

the heck buys hummers these days other then wasteful folks looking to spend like theres no tomorrow, OMG! I hope someone runs that is not going to spend every nickel they can grab from everywhere!!! sure Juddhead is in that with his RAY bans and dip can!! or whatever poison he uses!!

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