Vance County Commissioners accepted the audit report for 2020-21 at its January meeting, which included good news about the county’s fund balances and about tax collections. The county’s total fund balance increased by more than $4 million to $26.9 million and the unassigned fund balance increased almost $7 million to $22 million. This amount represents more than 44 percent of next year’s budget, according to the minutes of the January meeting.
Tax collections increased almost 1 percent, to 97.6 percent from 96.68 percent.
Commissioners heard from Stuart Hill representing audit firm Thompson, Price, Scott, Adams & Co. who presented the audit report.
Although there were two budget findings, both have been corrected, the minutes reflected. “There were no difficulties in performing the audit, no uncorrected misstatements and no disagreements with management,” according to the minutes.
The unassigned fund balance increased from $15.3 million to $22.0 million, which is “well within the range that is recommended by the Local Government Commission,” the minutes stated.
Tax collections increased from 96.68% to 97.60%. The total property valuation is $2,963,958,764 and the total levy amount is $26,533,277.
After discussion, motion was made by Commissioner Dan Brummitt to receive the FY 2020-21 Audit Report as presented. This motion was seconded by Commissioner Thomas S. Hester, Jr. and unanimously approved.
Finance Director Katherine Bigelow also presented information to commissioners regarding the purchase of a new ambulance during her report at the January meeting. Three bids were considered, but recommended was the bid from Northwestern Emergency Vehicles for about $264,230.
Brummitt made a motion to accept the bid proposal, seconded by
Hester, to purchase a 2022 Ford F550 4 X 4 Type 1 ambulance from Northwestern. A budget amendment of $4,230 also was approved to reach the complete purchase price.
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