•October 18, 2023•

by Crystal Reed

Moultrie County Board held a regular meeting on Thursday, October 12. Dennis Koch reported the result of the county audit for fiscal year end 2022 to board members. He said in the past the county’s financial statements modified cash basis accounting, a lot of federal agencies now require accrual basis accounting.

Koch noted there are a lot of expenditures that are reimbursed after they expend the money and many cases when money comes in the next fiscal year. They record them from as receivable from the various agencies which owe the county money. An adjustment is required to begin net assets of $ 934,755 having to do with ARPA money which did not get used until this year.

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