by Larry Chowning –
The Middlesex County Board of Supervisors approved a fiscal year-end June 30, 2021 audit by Robinson, Farmer, Cox Associates, (RFCA) on Tuesday, Feb. 1, that shows the county is in good fiscal shape.
The audit states that assets and deferred outflows of resources of the county exceeded liabilities and deferred inflows of resources at the close of the fiscal year (FY) 2021 budget by $21,088,521. The fiscal year runs from July 1 through June 30.
As of the close of the fiscal year, the county’s fund balances of $17,693,938 is an increase of $5,363,498 in comparison with the prior year.
At the end of FY 2021, the “unassigned” fund balance was $11,989,612, or 32% of total general fund expenditures and other financing uses. The combined long-term obligations increased by $786,915 during the current year.
Paul Lee of RFCA said that even though the county’s population went down in the 2020 census compared to the 2010 census the per capita debt went down…
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