Finance
The role of the Financial Office is to oversee the financial activities of the county, ensure that all departments and elected offices operate within the limits of the approved budget and provide accountability to the citizens for funds expended.
Financial Highlights
- The assets of Barrow County exceeded its liabilities at September 30, 2008 by $75,368,327 (net assets). Of the amount, $6,997,274 (unrestricted net assets) may be used to meet the County’s ongoing obligations to citizens and creditors.
- As of September 30, 2008, Barrow County’s governmental funds reported combined ending fund balances of $33,635,951, a decrease of $41,521,424 or 55.25 percent from the previous fiscal year. The majority of this decrease was related to construction costs related to the new Criminal Justice Facility as well as the E911 and Fire Training Facility.
- The General Fund reported an unreserved fund balance of $6,723,716 or nineteen percent of total General Fund expenditures. Based on FY2008 general fund expenditures, the County’s reserve balance will cover 2.26 months of General Fund operating expenditures.
- The net change in the General Fund balance for this fiscal year is a decrease of $2,299,221.
