August 29, 2022
Board of
Commissioners
FY21 Audit Finds Henry County is in Remarkable Fiscal Position
Regular Meetings September 7, 9:00 a.m. (Wednesday due to holiday) September 20, 6:30 p.m. Meetings held at: Administration Building Community Room 140 Henry Parkway McDonough, GA 30253 Regular Commission meetings air daily on Henry TV Charter Channel 180 at 9 a.m. & 7 p.m.
Miller Edwards, an Auditor with the firm Mauldin and Jenkins, presented the findings of the County’s Fiscal Year 2021 audit at the August 16 regularly scheduled Please visit henrycountyonline.com meeting of the Board of the Commissioners. The verdict was overwhelmingly positive. for more viewing options including Facebook and YouTube.
“When you look at the dynamics of what we’ve just come through…2020 and 2021 were very tough years across this country, this globe, this area,” said Edwards. “And you all weathered the storm very nicely.” In fact, Henry County operated at a surplus of $77 million in the previous fiscal year. The government now holds $1.6 billion in assets. Roughly $1 billion of that is the value of existing infrastructure such as facilities and capital assets. While it holds a comparatively small $482 million in liabilities. The largest portion of that is made of outstanding revenue bonds held by the water authority followed by pension and health insurance liabilities to municipal employees. In reviewing the numbers, Edwards declared them to be “remarkable,” before speaking Continued on page 3
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