The McDuffie Mirror

Top Stories
Subscribe Today!
Quick Hits
    · Home
· Subscribe
· Contact Us
· Archive
· Subscribe
    · News
· Business
· Opinion
· Schools
    · Sports
    · Community
· Obituaries
· Weddings
· Engagements
· Births
· Anniversaries
· Submit Event

· Search Legal Ads

 E-mail this story      Printer-friendly version

County ends budget year just short of expectations

Lagging revenues were a problem for the McDuffie County government this past year. According to County Manager Don Norton, only 93 percent of the money budgeted came in while 93.2 percent of the budgeted expenditures were spent.

That leaves the county - in his estimate - about $50,000 in the red for 2005. Even though the year ended with an unbalanced budget, Mr. Norton said the small amount of overage wasn't anything to worry about.

"It's not like it's the end of the world, but it is something we didn't want to happen," he said.

While the $50,000 will roll out of reserves to cover the difference, Mr. Norton added that the annual audit of the county's books may show a balanced budget after all. He said the audit tends to come out more in the county's favor than was originally calculated.

The difference stems from the way the county and the auditors compute the numbers. Auditors will account for funds that may have been committed during the year but not spent. The audit should be completed by June.

"I'm still hopeful that by the time that gets done we'll be back in the black which means that you haven't had to borrow, in affect, the $50,000 out of our cash reserves," Mr. Norton said.

He hopes to already have the problem corrected for the current year's budget. He said officials tried to be more conservative when projecting revenues for 2006.

Web posted on Thursday, February 2, 2006

© 2011 The McDuffie Mirror. Contact the .
View our .