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.
- The assets of Barrow County exceeded its liabilities at September 30, 2010 by $74,579,805 (net assets). Of this amount, $4,386,036 (unrestricted net assets) may be used to meet the County’s ongoing obligations to citizens and creditors.
- As of September30, 2010, Barrow County’s governmental funds reported combined ending fund balances of $22,667,825, an increase of $1,030,620 or 4.67 % from the previous fiscal year. The majority of this increase was due to the various departments watching their spending.
- The General Fund reported an unreserved fund balance of $4,292,956 or 13.20% of total General Fund expenditures. Based on FY2010 general fund expenditures, the County’s reserve balance will cover 1.61 months of General Fund operating expenditures.
- The net change in the General Fund balance for this fiscal year is a decrease of $408,193.