Public Gets First View Of County Audit Report

County officials on Tuesday presented the county commissioners with the Comprehensive Annual Financial Report for fiscal 2014 containing data they’ve seen before but not in report form.

This was the first time the public had access to the data, County Finance Officer Phillip Thompson said. Independent auditor TGM Group in Salisbury reviewed the document and found it to be in compliance with standard accounting practice and a fair representation of the county’s financial information.

According to the report, the variance between the county assets and liabilities was $11.7 million less than it was fiscal 2013, shrinking from about $171 million to $159 million.

More