FORSYTH COUNTY, Ga. – Christopher McKellar of the CPA firm of Mauldin and Jenkins presented the results of the 2020 Comprehensive Annual Financial Report at Tuesday’s Board of Commissioners meeting.
“We issued a clean opinion, which means your financial statements do represent fairly in al material a reports,” McKellar said. “The county received the Certificate of Excellence in Financial Reporting for the report of 2019 and we expect the county to receive the award for 2020 when it is awarded.”
The report showed the county has $2.6 billion in assets, $728 million in liabilities for a total of $1.9 billion in equity. “The county has about $1.6 billion invested in capital assets.
The Board unanimously approved a request by the Finance Director to transfer $18,787,047 from the general fund budget to the Capital Outlay fund in addition to a one-time request to transfer $6,640,585 from the unassigned fund balance. Commissioners also approved a budget amendment resolution of $5,902,828 to close out the 2020 budget.
In other decisions, the Board:
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