August 20, 2014

Revenues slide while expenditures rise

by Barry Featheringill
Sullivan Reporter

At the monthly Moultrie County board meeting the board heard a report from West & Company regarding the annual audit for the financial year 2013.

“The purpose of the audit is to render an independent opinion as to whether or not the financial statements made by the county are reasonably stated,” explained Jim Russell of West & Company. Russell went on to highlight where the county is in relation to the previous year, citing revenues in 2012 were $7.3 million while in 2013 they fell $7.2 million. Investments in 2012 came to $5.3 million and improved to $6 million in 2013. Expenditures, meanwhile, for 2012 amounted to $6.3 million and increased to $6.6 million in 2013 mostly due to increases in health insurance. 

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