By Teresa Gulyas, Greene County Field Officer
The generally favorable audit for FY 2008-2009 was presented by Robert Huff of Robinson, Farmer, Cox Associates at the Greene County Board of Supervisors meeting on July 27, 2010. Supervisors were commended on maintaining a healthy fund balance and cautioned to maintain conservative measures with respect to the total amount of debt service.
The Board was advised to concentrate on two areas. The first area is collections, an area noted as especially important in today’s economy. Delinquencies add up and impact on the overall health of the county coffers. The second area is the lack of reconciliation in cash accounts. This is a control matter that needs further follow up by the Board and respective departments.
Board Chairman Steve Catalano (At-Large) asked if there were publications that addressed standards for reserve funds. Huff stated that there were extensive government publications as well as books published addressing reserve fund standards. He cautioned that policies that might have worked 3 – 4 years ago would need to be more stringent in today’s economy. Greene County compares well to other jurisdictions due to conservative financial management.
Following up on ongoing matters:
- Public hearing and ordinance revisions related to Revenue Recovery are planned for the first Board of Supervisor’s meeting in September.
- Supervisor Jim Frydl (Ruckersville) reported back to the Board on the first steering committee meeting related to the school facilities upgrade bond application. The group is in the process of categorizing items into three categories: must do, should do, and want to do. The track will need to remain at 6 lanes due to cost constraints of moving to an 8 lane track. The Board of Supervisors and the School Board will hold a workshop meeting at Ruckersville Elementary School on August 4 at 3 pm.
- Bylaws and the personnel plan are scheduled for review at the BOS meeting on August 10.