Morgan County government receives a “clean” audit report for the Fiscal Year (FY) 2016-2017.
At the last Morgan County Board of Commissioners (BOC) work session, Beth Grimes, of Bates & Carter, explained her findings and urged the BOC to continue rebuilding their reserve funds in coming year.
“I consider Morgan County to be in a fairly good financial standing,” said Grimes.
“I say ‘good’ and not ‘extremely strong’ at this point because there is still work to be done in building up reserves to get them where they need to be as they were before the recession.”
According to Grimes, the county currently has 23 percent in reserve funds, which amounts to $3.8 million. According to Grimes, this is a vast improvement from recent years, but the goal is to get the reserve funds up to 30 percent.
“They have improved in the last two years, especially. “They have really made some headway, like any local government experiencing the benefits of the economy right now,” said Grimes. “So this is the time to control their spending and build those reserves back up, which is what they are clearly doing.”
Grimes also noted Morgan County Government earned a top score on internal controls, policies, procedures and making sure all transactions conducted are accounted.
“Morgan County is very diligent with staying on top of their control policies and procedures,” said Grimes.
County leaders were pleased with the outcome of this year’s audit.
“This year’s audit clearly demonstrates that my entire team is committed to making sure that we utilize taxpayer money for goods and services in the most effective and efficient manner possible. It is my goal to continue to improve our financial standing, in part by, continually reviewing contracts, agreements, and conducting program evaluation in all areas within county government. Our team has a responsibility to ensure that we are good stewards of the peoples (our residents, our community, our family) money. I am committed in making sure that we accomplish these efforts,” said County Manager Adam Mestres.